01:29 PM EDT, 07/22/2025 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.6% and the Financial Select Sector SPDR Fund (XLF) up 0.5%.

The Philadelphia Housing Index was climbing 5.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.1%.

Bitcoin (BTC-USD) was up 1.1% to $118,684, and the yield for 10-year US Treasuries was down 3 basis points to 4.34%.

In economic news, the Richmond Fed's monthly manufacturing index deteriorated to minus 20 in July from minus 8 in June, compared with expectations for an improvement to minus 2 in a survey compiled by Bloomberg.

The Philadelphia Federal Reserve Bank's monthly non-manufacturing activity index improved to minus 10.3 in July from minus 25.0 in the previous month, indicating a slower pace of contraction.

In corporate news, Rithm Capital ( RITM ) shares added nearly 1%. The firm said it struck a partnership with an undisclosed institutional investor to finance the near-term acquisition of up to $500 million of residential transitional loans, with the potential to acquire up to $1.5 billion.