01:26 PM EDT, 05/27/2025 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.4% and the Financial Select Sector SPDR Fund (XLF) ahead 1.5%.

The Philadelphia Housing Index was climbing 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 1.6%.

Bitcoin (BTC-USD) was adding 0.6% to $110,128, and the yield for 10-year US Treasuries was dropping 7 basis points to 4.44%.

In economic news, President Donald Trump said over the holiday weekend that he agreed to extend the tariff deadline of June 1 on the EU to July 9 following a request by European Commission President Ursula von der Leyen, according to a Truth Social post. Last week, Trump recommended a 50% tariff rate on the EU, saying that talks with the bloc had stalled.

The Conference Board's measure of consumer confidence rose to 98.0 in May from 85.7 in April, above 87.1 expected in a Bloomberg-compiled survey.

New orders for US durable goods fell by 6.3% in April following a gain of 7.6%, compared with expectations for a 7.8% decrease in a survey compiled by Bloomberg.

The Case-Shiller National Home Price index rose 0.8% in March before seasonal adjustment, following a 0.5% increase in February. National home prices were up 3.4% year-over-year, down from a 4% pace in February.

In corporate news, Blackstone (BX) and TPG (TPG) have offered to buy medical technology company Hologic ( HOLX ) for over $16 billion and take it private, the Financial Times reported. Blackstone shares were rising 2.1%, TPG up 2.5% and Hologic ( HOLX ) soaring 14%.