01:53 PM EDT, 09/10/2024 (MT Newswires) -- Financial stocks were retreating in Tuesday afternoon trading, with the NYSE Financial Index dropping 1.4% and the Financial Select Sector SPDR Fund (XLF) falling 1.7%.

The Philadelphia Housing Index was easing 0.2%, while the Real Estate Select Sector SPDR Fund (XLRE) was rising 1.1%.

Bitcoin (BTC-USD) was up 0.2% to $57,190, while the yield for 10-year US Treasuries was down 4.4 basis points to 3.66%.

In economic news, Redbook US same-store sales increased by 6.5% from a year earlier in the week ended Sept. 7 after a 6.3% year-over-year increase in the previous week. Redbook reported higher sales due to Labor Day promotions, especially on Sunday and Monday, as the back-to-school season peaked.

The National Federation of Independent Business's monthly Small Business Optimism Index fell to 91.2 in August, more than reversing a gain to 93.7 in July. It was below the 91.3 print a year earlier.

In regulatory news, the US Federal Reserve Vice Chair for Supervision Michael Barr said Tuesday he intends to recommend that the central bank re-propose new rules to reduce the increase in capital requirements under the plan for the biggest banks to 9% from 19%. The reduction would apply to global systemically important banks, or G-SIBs, Barr said in a speech at the Brookings Institution.

In corporate news, JPMorgan Chase ( JPM ) shares were down nearly 6% after Chief Operating Officer Daniel Pinto said that expectations for the bank's 2025 net interest income "are a bit too high," according to a Capital IQ transcript.

State Street's (STT) unit State Street Global Advisors said Tuesday it's collaborating with Apollo Global Management ( APO ) to expand investor access to private market opportunities. State Street shares were down 0.3%, and Apollo was falling 2.4%.

UBS (UBS) has built an artificial intelligence tool to help offer potential M&A deals to its clients, Bloomberg reported Tuesday. UBS shares were retreating 1.8%.