01:29 PM EDT, 08/12/2025 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.2% and the Financial Select Sector SPDR Fund (XLF) adding 1.1%.

The Philadelphia Housing Index was climbing 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.3%.

Bitcoin (BTC-USD) was easing 0.1% at $119,743, and the yield for 10-year US Treasuries was up 2 basis points at nearly 4.30%.

In economic news, the US seasonally adjusted consumer price index rose by 0.2% in July, as expected in a Bloomberg survey and following a 0.3% gain in June, the Bureau of Labor Statistics said. Core CPI, which excludes food and energy prices, increased by 0.3%, as expected and following a 0.2% gain in June. The year-over-year rate for overall CPI held steady at 2.7%, while core CPI rose to a 3.1% year over year rate from 2.9% in June.

The odds of a 25-basis-point cut in interest rates in September jumped to 92% as of Tuesday afternoon, versus 86% a day ago, according to the CME FedWatch Tool.

E.J. Antoni, President Donald Trump's choice to be the next Bureau of Labor Statistics Commissioner, told Fox Business in an interview published Tuesday that the BLS should suspend publication of the key monthly employment report until issues with its methodology can be addressed.

In corporate news, Paysafe ( PSFE ) shares jumped 18% after it reported Q2 revenue that topped Wall Street estimates.