01:32 PM EDT, 03/11/2025 (MT Newswires) -- Financial stocks were falling in Tuesday afternoon trading, with the NYSE Financial Index dropping 1.2% and the Financial Select Sector SPDR Fund (XLF) shedding 1.4%.

The Philadelphia Housing Index was sliding 2%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 1.5%.

Bitcoin (BTC-USD) was increasing 3.2% to $81,283, and the yield for 10-year US Treasuries was up 2 basis points at 4.24%.

In economic news, President Donald Trump now plans to double the tariffs to 50% on all steel and aluminum imports from Canada, starting Wednesday morning, in response to Ontario Premier Doug Ford's decision Monday to slap a 25% surcharge on all electricity Ontario ships to the US.

Job openings rose to 7.740 million in January, according to the Bureau of Labor Statistics, above the 7.6 million openings expected in a survey compiled by Bloomberg and up from 7.508 million reported in December.

In corporate news, Remitly Global ( RELY ) shares face a 40% to 55% potential long-term downside risk, according to a report from short seller Spruce Point Capital Management. Remitly shares were down 1.5%.