03:32 PM EDT, 04/01/2025 (MT Newswires) -- Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) shedding 0.3%.

The Philadelphia Housing Index was fractionally lower, and the Real Estate Select Sector SPDR Fund (XLRE) decreased 0.5%.

Bitcoin (BTC-USD) was increasing 3.1% to $84,976, and the yield for 10-year US Treasuries dropped 9 basis points to 4.16%.

In economic news, Trump administration aides have drafted a proposal to impose roughly 20% tariffs on most imports to the US, The Washington Post reported Tuesday.

Job openings fell to 7.568 million in February, the US Bureau of Labor Statistics said in a report. That lagged the 7.655 million expected in a survey compiled by Bloomberg and was down from 7.762 million in January.

The Institute for Supply Management said US Manufacturing Index fell to 49 in March from 50.3, below the 49.5 consensus.

In corporate news, UBS (UBS) told Italian unions that it plans to cut 180 jobs, or a third of the total in the country, Reuters reported. UBS shares were down 1%.