03:19 PM EDT, 06/17/2025 (MT Newswires) -- Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index down 0.9% and the Financial Select Sector SPDR Fund (XLF) shedding 0.6%.

The Philadelphia Housing Index was falling 2.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.7%.

Bitcoin (BTC-USD) was declining 1.9% to $104,817, and the yield for 10-year US Treasuries was off 6 basis points to 4.39%.

In economic news, US retail sales fell 0.9% in May, versus a 0.6% decline expected in a Bloomberg survey 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 and following 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, Medical Properties Trust ( MPW ) and Praemia REIM said Tuesday their joint venture has refinanced its maturing seven-year debt facility at a 5.1% fixed rate. Medical Properties ( MPW ) shares were easing 0.3%.