03:35 PM EDT, 08/12/2025 (MT Newswires) -- Financial stocks gained in late Tuesday afternoon trading with the NYSE Financial Index rising 1.3% and the Financial Select Sector SPDR Fund (XLF) adding 1.2%.

The Philadelphia Housing Index climbed 2.4%, and the Real Estate Select Sector SPDR Fund (XLRE) edged up 0.1%.

Bitcoin (BTC-USD) increased 0.9% at $119,791, and the yield for 10-year US Treasuries rose 2 basis points to 4.29%.

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 3.1% from 2.9% in June.

The odds of a 25-basis-point cut in interest rates in September rose to 92% as of Tuesday afternoon from 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 bureau should suspend publication of the key monthly employment report until issues with its methodology can be addressed.

In corporate news, HSBC's ( HSBC ) commercial real estate loans marked as having increased credit risk almost tripled since the start of the year, with those classified as "impaired" rising to $5.1 billion from $4.5 billion, the Financial Times reported. HSBC ( HSBC ) shares rose 1.2%.