01:42 PM EDT, 10/08/2024 (MT Newswires) -- Financial stocks rose in Tuesday afternoon trading with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) climbing 0.5%.

The Philadelphia Housing Index advanced 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.1%.

Bitcoin (BTC-USD) eased 0.1% to $63,126, and the yield for 10-year US Treasuries was little changed at 4.03%.

In economic news, the US international trade deficit narrowed to $70.43 billion in August from a $78.92 billion gap in July, compared with the $70.5 billion gap expected in a survey compiled by Bloomberg.

The National Federation of Independent Business' small business optimism index rose to 91.5 in September from 91.2 in August and 90.8 a year earlier.

In corporate news, Ares Management ( ARES ) shares dropped 4.4% after the company agreed to buy the international business of GLP Capital Partners and some of its affiliates in for $3.7 billion in cash and stock.