03:29 PM EDT, 05/27/2025 (MT Newswires) -- Financial stocks were rising in late Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 1.7%.

The Philadelphia Housing Index was climbing 2.2%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 1.9%.

Bitcoin (BTC-USD) was increasing 0.5% to $109,708, and the yield for 10-year US Treasuries dropped 7.5 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, Block (XYZ) shares popped 5% after it said Tuesday that it will launch bitcoin payments on Square, with roll-out expected in H2 of this year and reaching all eligible Square sellers in 2026.