03:33 PM EDT, 03/12/2024 (MT Newswires) -- Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index advancing 0.5% and the Financial Select Sector SPDR Fund (XLF) adding 0.6%.

The Philadelphia Housing Index climbed 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.3%.

Bitcoin (BTC-USD) fell 0.8% to $71,564, and the yield for 10-year US Treasuries rose 5 basis points to 4.16%.

In economic news, the US consumer price index rose by 0.4% in February, as expected in a survey compiled by Bloomberg, and following a 0.3% increase in January. Core CPI, which excludes food and energy prices, rose by 0.4%, the same as in the previous month and above the consensus estimate for a 0.3% increase.

In corporate news, a former Tallgrass Energy board member and four of his friends agreed to pay more than $2.2 million to settle insider trading charges related to a 2019 offer by Blackstone (BX) to acquire Tallgrass, the US Securities and Exchange Commission said Tuesday. Blackstone shares fell 0.3%.