01:26 PM EST, 12/17/2024 (MT Newswires) -- Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index down 0.8% and the Financial Select Sector SPDR Fund (XLF) off 0.9%.

The Philadelphia Housing Index was falling 1%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.2%.

Bitcoin (BTC-USD) was down 0.2% to $107,257, and the yield for 10-year US Treasuries was shedding 1 basis point to 4.39%.

In economic news, US retail sales surged 0.7% in the seasonally strong November, the highest since 1.1% reported in the same month in 2021 and above the 0.6% expected in a survey compiled by Bloomberg.

US industrial production fell by 0.1% in November, versus expectations for a 0.3% increase in a survey compiled by Bloomberg and a downwardly revised 0.4% drop in October.

In corporate news, Blackstone (BX) is considering the sale of the Grand Wailea Resort and is working with a broker that is contacting potential buyers for the property in Maui, Hawaii, Bloomberg reported. Blackstone shares were down 2.5%.