01:29 PM EST, 01/21/2025 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.6%.

The Philadelphia Housing Index was up 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was climbing 1.5%.

Bitcoin (BTC-USD) popped 4.2% to $106,407, and the yield for 10-year US Treasuries was dropping 3 basis points to 4.58%.

In regulatory news, President Donald Trump has designated Mark Uyeda as acting chairman of the US Securities and Exchange Commission, the agency said Tuesday.

In corporate news, Charles Schwab ( SCHW ) reported better-than-expected Q4 results on Tuesday amid growth in fees and trading revenue while predicting a top-line acceleration in 2025. Its shares jumped 4.7%.