01:33 PM EDT, 07/09/2024 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.9% and the Financial Select Sector SPDR Fund (XLF) ahead 1.3%.

The Philadelphia Housing Index was adding 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.2%.

Bitcoin (BTC-USD) was increasing 1.5% to $57,521, and the yield for 10-year US Treasuries was rising 4 basis points to 4.31%.

In economic news, the NFIB Small Business Optimism Index reached its highest level of the year during June at 91.5, a one-point gain over the previous month.

Redbook US same-store sales rose by 6.3% from year-ago levels during the seven days ended July 6, following a 5.8% year-over-year increase in the previous week.

In regulatory news, the Federal Reserve may tweak the way it calculates an extra layer of capital it levies on US global systemically important banks, known as the GSIB surcharge, Reuters reported.

In corporate news, Fifth Third Bancorp ( FITB ) said Tuesday it agreed to pay $20 million in fines to the Consumer Financial Protection Bureau to settle litigation related to its sales practices and an investigation into its auto finance servicing activities. Fifth Third shares were rising 0.3%.