03:25 PM EST, 02/11/2025 (MT Newswires) -- Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund (XLF) up 0.3%.

The Philadelphia Housing Index was rising 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.2%.

Bitcoin (BTC-USD) was falling 2.4% to $95,132, and the yield for 10-year US Treasuries was rising 4 basis points to 4.54%.

In economic news, the Federal Reserve does "not need to be in a hurry" to adjust monetary policy as the economy remains strong, Chair Jerome Powell said Tuesday, reiterating prior remarks that the central bank was in no rush to cut interest rates.

In corporate news, Northwest Bancshares ( NWBI ) shares rose 1.3%. The company was Smart Insider's stock pick of the week after company director Timothy Hunter purchased $131,300 worth of the company's shares at $13.13 apiece on Jan. 25, raising his stake by 6%.