03:26 PM EDT, 09/03/2024 (MT Newswires) -- Financial stocks were lower in late Tuesday afternoon trading with the NYSE Financial Index down 0.8% and the Financial Select Sector SPDR Fund (XLF) shedding 0.7%.

The Philadelphia Housing Index dropped 2.5%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.4%.

Bitcoin (BTC-USD) declined 1.7% to $58,154, and the yield for 10-year US Treasuries fell 7 basis points to 3.84%.

In economic news, the Institute for Supply Management's US manufacturing index rose to 47.2 in August from 46.8 in July, missing expectations for an improvement to 47.5 in a survey compiled by Bloomberg.

In corporate news, TPG (TPG) sold its stake in Sixth Street back to the firm for over $1 billion last month, Semafor reported Tuesday. TPG shares were falling 3.4%.