03:31 PM EDT, 07/08/2025 (MT Newswires) -- Financial stocks fell in late Tuesday afternoon trading, with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund (XLF) shedding 0.8%.

The Philadelphia Housing Index rose 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) increased 0.2%.

Bitcoin (BTC-USD) advanced 0.7% to $109,018, and the yield for 10-year US Treasuries rose 2 basis points to 4.42%.

In economic news, President Donald Trump said in a post on Truth Social that tariffs against a broad group of trading partners would take effect Aug. 1, with no extensions granted.

The National Federation of Independent Business' monthly Small Business Optimism Index fell to 98.6 in June from 98.8 in May. The gauge rose from 91.5 a year earlier.

US consumer credit use rose by $5.1 billion in May, compared with a $10.5 billion increase expected in a survey compiled by Bloomberg and following a $16.9 billion increase in the previous month.

Redbook US same-store sales last week rose 5.9% from a year earlier, following a 4.9% increase in the prior week.

In corporate news, Brookfield Asset Management ( BAM ) -backed Pinegrove Capital Partners is planning to raise $800 million for a new credit fund called Innovation Credit Growth Fund X, Bloomberg reported. Brookfield shares were down 0.5%.