02:01 PM EDT, 04/01/2025 (MT Newswires) -- Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.4%.

The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.5%.

Bitcoin (BTC-USD) was increasing 3.1% to $85,204, and the yield for 10-year US Treasuries was dropping 8.6 basis points to 4.16%.

In economic news, Trump administration aides have drafted a proposal to impose roughly 20% tariffs on most imports to the US, The Washington Post reported Tuesday.

Job openings fell to 7.568 million in February, the US Bureau of Labor Statistics said in a report. That lagged the 7.655 million expected in a survey compiled by Bloomberg and was down from 7.762 million in January.

The Institute for Supply Management said US Manufacturing Index fell to 49 in March from 50.3, below the 49.5 consensus.

In corporate news, Citigroup ( C ) and JPMorgan Chase (JPM) are struggling to find investors for a $900 million leveraged loan and a $1.33 billion junk bond sale related to Canadian auto parts maker ABC Technologies' acquisition of TI Fluid Systems as upcoming tariffs loom large on the businesses, Bloomberg reported. Citi shares fell 1%, and JPMorgan ( JPM ) was down 0.9%.

Open Lending ( LPRO ) shares dropped 51% after it reported late Monday a wider Q4 net loss as revenue plunged to a negative during the period.

W. R. Berkley ( WRB ) has been on a roll during 2025, with shares last closing just below their all-time high set during the previous session, although the commercial insurance and re-insurance firm may find it hard extending its gains much more, BofA Securities said Tuesday in a note. BofA downgraded W. R. Berkley ( WRB ) to neutral from buy while raising the price target to $74 from $73 per share. W. R. Berkley ( WRB ) shares were down 1.5%.