03:18 PM EDT, 08/26/2025 (MT Newswires) -- Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund (XLF) adding 0.4%.

The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.3%.

Bitcoin (BTC-USD) added 0.4% to $110,647, and the yield for 10-year US Treasuries decreased 2 basis points to 4.26%.

In economic news, President Donald Trump said he has fired Federal Reserve Governor Lisa Cook. Trump disclosed a letter late Monday on Truth Social addressed to Cook, stating that she is "hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately," citing information from Federal Housing Finance Agency Director William Pulte and Attorney General Pam Bondi that Cook "may have made false statements on one or more mortgage agreements." In a statement on Monday, Cook said Trump "has no authority" to fire her "for cause" because "no cause exists," according to media reports.

US home prices in June fell sequentially, while the annual growth rate was the slowest since the summer of 2023, S&P Global (SPGI) division S&P Dow Jones Indices said.

In corporate news, the Federal Deposit Insurance Corporation said Tuesday that the US bank sector generated $69.9 billion in profits in Q2, down 1% from the prior quarter, as merger-related provisions tied to a "large bank" acquisition weighed on industry earnings. The FDIC didn't name the companies involved in the acquisition but Reuters said it refers to the merger between Capital One (COF) and Discovery Financial. Capital One shares were rising 1.4%.