01:33 PM EDT, 05/28/2024 (MT Newswires) -- Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index shedding 0.5% and the Financial Select Sector SPDR Fund (XLF) off 1.1%.

The Philadelphia Housing Index was falling 0.9% and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.1%.

Bitcoin (BTC-USD) was declining 3.2% to $67,869, and the yield for 10-year US Treasuries was rising 5.5 basis points to 4.53%.

In economic news, the Conference Board's measure of consumer confidence rose to 102.0 in May from a slightly upwardly revised 97.5 reading in April, well above a reading of 96.0 expected in a survey compiled by Bloomberg as of 7:35 am ET.

In corporate news, Riot Platforms ( RIOT ) said Tuesday it has proposed to buy Bitfarms ( BITF ) for $2.30 per Bitfarms ( BITF ) common share in a cash-and-stock deal representing an equity value of about $950 million. Riot shares rose 2.3% and Bitfarms ( BITF ) jumped past 7.9%.