01:35 PM EDT, 05/06/2025 (MT Newswires) -- Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.2%.

The Philadelphia Housing Index was falling 1.6%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.7%.

Bitcoin (BTC-USD) was increasing 0.3% to $94,669, and the yield for 10-year US Treasuries was dropping 2.5 basis points to 4.32%.

In economic news, the first look at consumer confidence for May fell from April, with the RealClearMarkets' monthly index decreasing to 47.9 from 49.1 in the previous month on declines in two of its three components.

Redbook US same-store sales accelerated by 6.9% from a year earlier in the week ended May 3 after a 6.1% year-over-year increase in the previous week.

In corporate news, JPMorgan Chase ( JPM ) and other US investment banks are steering clear of the Hong Kong IPO of China's Chery Automobile, Bloomberg reported. JPMorgan ( JPM ) was initially slated to be part of the offering but dropped off, allowing Chinese investment banks to sponsor the offering, the report said. JPMorgan ( JPM ) shares were down 0.8%.