01:37 PM EDT, 06/17/2025 (MT Newswires) -- Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.7%.

The Philadelphia Housing Index was falling 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.3%.

Bitcoin (BTC-USD) was declining 3.9% to $104,055, and the yield for 10-year US Treasuries was dropping 5.3 basis points to 4.40%.

In economic news, US retail sales fell 0.9% in May, versus the 0.6% decline expected in a survey compiled by Bloomberg and April's 0.1% retreat. Excluding a 3.5% drop in motor vehicle sales, retail sales were down 0.3% compared with an expected 0.2% gain. That followed a flat reading in April. Removing motor vehicles and a 2% slump in gasoline station sales, retail sales fell 0.1% in May after a 0.1% gain in April.

In corporate news, JPMorgan Chase ( JPM ) said Tuesday it's raising the annual fee on its Sapphire Reserve credit card to $795 from $550. JPMorgan ( JPM ) shares were down 0.3%.