03:24 PM EST, 01/21/2025 (MT Newswires) -- Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 1.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.7%.

The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was climbing 1.8%.

Bitcoin (BTC-USD) popped 4.8% to $106,835, and the yield for 10-year US Treasuries was dropping 4 basis points to 4.57%.

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, Forestar ( FOR ) shares dropped 10% after it reported fiscal Q1 earnings of $0.32 per diluted share, down from $0.76 a year earlier. Analysts polled by FactSet expected $0.63.