03:29 PM EST, 11/12/2024 (MT Newswires) -- Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

The Philadelphia Housing Index dropped 2.2%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 1%.

Bitcoin (BTC-USD) rose 0.8% to $89,256, and the yield for 10-year US Treasuries jumped 12 basis points to 4.43%.

In economic news, US consumers' inflation expectations dropped "slightly" at the short-, medium-, and long-term horizons in October, according to a survey by the New York Fed.

Official data are expected to show Wednesday that US consumer inflation rose 0.2% sequentially and 2.6% annually last month, according to a Bloomberg-compiled consensus.

The National Federation of Independent Business's monthly Small Business Optimism Index rose to 93.7 in October from 91.5 in September and 90.7 a year earlier.

In corporate news, H&R Block ( HRB ) shares fell 2.2%. The company has reached a proposed settlement with the Federal Trade Commission, agreeing to pay $7 million for consumer redress and to make key adjustments to its tax filing services by the 2025 tax season, the FTC said.