03:23 PM EST, 03/05/2024 (MT Newswires) -- Financial stocks were declining in late Tuesday afternoon trading, with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund (XLF) down 0.3%.

The Philadelphia Housing Index fell 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 1.5%.

Bitcoin (BTC-USD) was dropping 7.6% to $63,179 after hitting a record earlier in the day. The yield for 10-year US Treasuries tumbled 8 basis points to 4.14%.

In economic news, the Institute for Supply Management's US services index fell to 52.6 in February from 53.4 in January, compared with expectations for 53 in a survey compiled by Bloomberg.

Separately, S&P Global said its services PMI gauge slipped to 52.3 in February from 52.5 the previous month, compared with the Bloomberg-compiled consensus for a 51.4 reading.

In corporate news, Fidelity National Information Services ( FIS ) said Tuesday investors tendered about $2.46 billion in face value of its senior notes by Monday's deadline, with the company opting to increase the amount of available funding by about 12.5% in order to redeem all seven series of the notes in full. Its shares rose 0.4%.