03:25 PM EDT, 08/13/2024 (MT Newswires) -- Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.9% and the Financial Select Sector SPDR Fund (XLF) ahead 0.7%.

The Philadelphia Housing Index was climbing 1.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.8%.

Bitcoin (BTC-USD) was gaining 2.1% to $60,590, and the yield for 10-year US Treasuries was shedding 6 basis points to 3.85%.

In economic news, the US producer price index increased 0.1% month over month in July on a seasonally adjusted basis, compared with the Bloomberg-polled consensus for a 0.2% gain.

In corporate news, New York Community Bancorp ( NYCB/PU ) shares jumped 8.7% after a regulatory filing showed that it signed separate share-exchange agreements Monday with affiliates of funds managed by Liberty 77 Capital, Hudson Bay Capital Management and Reverence Capital Partners.