03:29 PM EST, 01/14/2025 (MT Newswires) -- Financial stocks advanced in late Tuesday afternoon trading, with the NYSE Financial Index adding 0.8% and the Financial Select Sector SPDR Fund (XLF) rising 1%.

The Philadelphia Housing Index climbed 2.4%, and the Real Estate Select Sector SPDR Fund (XLRE) increased 0.7%.

Bitcoin (BTC-USD) rose 5% to $96,484, and the yield for 10-year US Treasuries shed 1.9 basis points to 4.79%.

In economic news, the US producer price index grew 0.2% in December, slower than a 0.4% increase in November and below the 0.4% gain expected in a survey compiled by Bloomberg.

In corporate news, KKR (KKR) is facing a civil lawsuit from the US Department of Justice for allegedly disregarding the premerger antitrust review process repeatedly, the DOJ said Tuesday. KKR shares were rising 1.4%.