01:44 PM EDT, 06/24/2025 (MT Newswires) -- Financial stocks advanced in Tuesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both adding 1.5%.

The Philadelphia Housing Index climbed 1%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.5%.

Bitcoin (BTC-USD) increased 3.4% to $105,967, and the yield for 10-year US Treasuries shed 2.2 basis points to 4.298%.

In economic news, US consumer confidence fell in June as views on current and future conditions deteriorated amid uncertainty around the effects of tariffs, the Conference Board said. The consumer confidence index dropped by 5.4 points to 93 following a sharp gain in May, according to the Conference Board. The consensus in a Bloomberg survey was for a rise to 99.8.

In sector news, US Senator Elizabeth Warren criticized regulators' potential changes to the enhanced supplementary leverage ratio for banks, Bloomberg reported, citing a letter. The changes, which include cutting a bank holding company's capital requirement under the rule to a 3.5% to 4.5% range from the current 5%, are set to be proposed after concerns that the rule constrained Treasuries market trading, the report said.

In corporate news, Mastercard ( MA ) is expanding a partnership with Fiserv ( FI ) to integrate the financial technology and payments company's proposed new FIUSD stablecoin in its products and services. Mastercard ( MA ) shares rose 2.2%, and Fiserv ( FI ) added 1.1%.

Major banks including JPMorgan (JPM), Citigroup (C) and Wells Fargo (WFC) are meeting with officials in Republican-led states to defend themselves against claims that they unfairly avoid doing business with gun makers and fossil fuel companies, the Wall Street Journal reported. JPMorgan shares rose 1.3%, Citi gained 2.6%, and Wells Fargo advanced 1.6%.

Spain cleared BBVA's (BBVA) bid to acquire Sabadell, but the lenders will have to keep assets separated and operate as different entities for the next three years, Bloomberg reported, citing Economy Minister Carlos Cuerpo at a press conference. BBVA shares were little changed.