03:48 PM EDT, 08/13/2024 (MT Newswires) -- Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.9% and the Financial Select Sector SPDR Fund (XLF) ahead 0.7%.

The Philadelphia Housing Index was climbing 1.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.8%.

Bitcoin (BTC-USD) was gaining 2.1% to $60,590, and the yield for 10-year US Treasuries was shedding 6 basis points to 3.85%.

In economic news, the US producer price index increased 0.1% month over month in July on a seasonally adjusted basis, compared with the Bloomberg-polled consensus for a 0.2% gain.

In corporate news, New York Community Bancorp ( NYCB/PU ) shares jumped 8.7% after a regulatory filing showed that it signed separate share-exchange agreements Monday with affiliates of funds managed by Liberty 77 Capital, Hudson Bay Capital Management and Reverence Capital Partners.

Skyward Specialty Insurance ( SKWD ) shares spiked 3.9% after it said Tuesday it was supplementing its primary business as a property and casualty insurer with its entry into the mortgage insurance and reinsurance market.

KeyCorp ( KEY ) is likely to use the $2.8 billion investment from Bank of Nova Scotia ( BNS ) to restructure its bond portfolio and improve its position to seize growth opportunities or endure unforeseen economic surprises, RBC Capital Markets said in a Tuesday note. KeyCorp ( KEY ) shares were falling 1.1% while Bank of Nova Scotia ( BNS ) was rising 1.7%.

Paysafe ( PSFE ) shares popped 7.8% after the company reported higher Q2 adjusted net income and revenue in addition to lifting its fiscal 2024 revenue outlook.