01:03 PM EDT, 09/02/2025 (MT Newswires) -- Financial stocks were retreating in Tuesday afternoon trading, with the NYSE Financial Index falling 1.4% and the Financial Select Sector SPDR Fund (XLF) dropping 1.2%.

The Philadelphia Housing Index was down 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 1.5%.

Bitcoin (BTC-USD) was increasing 1.3% to $110,721, and the yield for 10-year US Treasuries rose 6 basis points to 4.29%.

In corporate news, Air Lease ( AL ) on Tuesday agreed to be acquired by a newly formed entity backed by an investor group including Sumitomo and Apollo (APO) in a deal that values the aircraft lessor at about $7.4 billion in cash, or $28.2 billion including debt obligations. Apollo was shedding 1.5%, and Air Lease ( AL ) rose 6.6%.