04:04 PM EDT, 09/23/2025 (MT Newswires) -- Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) shedding 0.5%.

The Philadelphia Housing Index was easing 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.8%.

In economic news, the US Q2 current account deficit narrowed to $251.31 billion from $439.82 billion in the prior quarter, compared with expectations for a $256.6 billion deficit from a survey compiled by Bloomberg.

The September flash reading of manufacturing conditions from S&P Global dropped to a two-month low reading of 52.0 from 53.0 in August, compared with an expected reading of 52.2 in a Bloomberg survey.

Bitcoin (BTC-USD) was 0.7% lower at $111,622, and the yield for 10-year US Treasuries fell 3.3 basis points to 4.11%.

In sector news, Royal Bank of Canada (RY) Chief Executive Dave McKay said the US plan to set a $100,000 fee on H-1B visa offers Canada a "material opportunity" to attract tech talent, Bloomberg reported, citing an interview with the CEO.

In corporate news, Toronto-Dominion Bank ( MLWIQXX ) unit TD Securities is being sued by a former executive who alleges the firm is unlawfully trying to enforce an "overbroad" and "non-compete agreement" and breached promises about his role and contributions. Toronto-Dominion Bank ( MLWIQXX ) shares were down 0.6%.

Bank of Montreal ( BNKD ) may sell some of its US branches with about $6 billion in deposits, the Wall Street Journal reported. Bank of Montreal ( BNKD ) shares added 0.8%.

Morgan Stanley ( MS ) is launching a collaboration with cryptocurrency infrastructure company Zerohash to allow clients of the bank's E*Trade unit to trade crypto coins starting in H1 2026, Bloomberg reported. Morgan Stanley ( MS ) shares were fractionally higher.

KKR (KKR) is holding its first board meeting in Asia this week in Tokyo, Reuters reported, citing a company spokesperson. The two-day meeting, which began Monday, includes top leadership such as co-founders George Roberts and Henry Kravis, and co-CEOs Joe Bae and Scott Nuttall, the spokesperson told Reuters. KKR shares were adding 0.2%.