01:22 PM EDT, 06/03/2025 (MT Newswires) -- Financial stocks were edging up in Tuesday afternoon trading, with the NYSE Financial Index fractionally higher and the Financial Select Sector SPDR Fund (XLF) up 0.1%.

The Philadelphia Housing Index was climbing 1%, while the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.3%.

Bitcoin (BTC-USD) was increasing 1.7% to $106,012, and the yield for 10-year US Treasuries was slightly higher at 4.47%.

In economic news, the OECD revised global growth projections to 2.9% this year from 3.3% in 2024. It expects US growth to slow to 1.6% this year, revised from the 2.2% forecast in March. At 1.6%, this would mark the weakest pace since the 2020 coronavirus pandemic, Stifel said in a report.

US President Donald Trump and Chinese President Xi Jinping will likely have a conversation this week, the White House said on Monday, following Trump's announcement late last week that steel and aluminum import tariffs will double to 50% from Wednesday. Last Friday, the president accused China of "totally violating" the Geneva pact.

In corporate news, Citigroup's ( C ) Head of Enterprise Services and Public Affairs Edward Skyler said in a post on Tuesday that the company will no longer have a firearms-specific policy as part of the bank's commitment to "fair and unbiased access" to its products. The company ended its 2018 US commercial firearms policy that put certain restrictions on firearms sales by its retail sector clients and partners. Citi shares added 1.1%.