03:17 PM EDT, 09/02/2025 (MT Newswires) -- Financial stocks were retreating in late Tuesday afternoon trading, with the NYSE Financial Index falling 1.2% and the Financial Select Sector SPDR Fund (XLF) declining 1.1%.

The Philadelphia Housing Index was down 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 2%.

Bitcoin (BTC-USD) was increasing 1.4% to $110,809, and the yield for 10-year US Treasuries rose 5 basis points to 4.28%.

In economic news, the Institute for Supply Management's US manufacturing index rose to 48.7 in August from 48 in July, versus expectations for 49 in a survey compiled by Bloomberg.

US construction spending fell 0.1% in July, as expected in a Bloomberg survey and following a 0.4% decrease in June.

The S&P Global US manufacturing index was revised downwards to 53 for August from a flash reading of 53.3, compared with expectations for no revision in a survey compiled by Bloomberg.

In corporate news, Goldman Sachs ( GS ) has entered into a strategic collaboration with wealth management firm Elevation Point to offer access to banking and lending, trading, asset management and capital markets capabilities, Elevation said Tuesday. Goldman shares were falling 2.6%.