01:58 PM EST, 11/25/2025 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.3% and the Financial Select Sector SPDR Fund (XLF) adding 1.2%.

The Philadelphia Housing Index was climbing 3.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was increasing 0.9%.

Bitcoin (BTC-USD) was declining 1.5% to $87,317, and the yield for 10-year US Treasuries was dropping 3 basis points to 4%.

In economic news, the Conference Board's measure of consumer confidence declined to 88.7 in November from 95.5 in October, compared with 93.3 expected in a survey compiled by Bloomberg.

The US Census Bureau also released a delayed retail sales report, showing sales rose by 0.2% in September, down from a revised 0.6% gain in August and under the consensus for a 0.4% gain.

White House National Economic Council Director Kevin Hassett is seen by President Donald Trump's advisers as the frontrunner to be the next Federal Reserve chair, Bloomberg reported.

In corporate news, BlackRock ( BLK ) is looking to boost its investments in the Middle East over the next few years, particularly in Saudi Arabia, Bloomberg reported. The asset management giant has already invested more than $35 billion in Saudi equities, fixed income and infrastructure, and now has four investment teams in the Saudi capital Riyadh, Bloomberg reported, citing Kashif Riaz, head of BlackRock's ( BLK ) Financial Markets Advisory business in the Middle East, and its Riyadh-based investment management platform. BlackRock ( BLK ) shares rose 0.8%.

A KKR-led (KKR) consortium has sold its stake in a Hyatt Regency hotel in Tokyo for more than $800 million to an unidentified buyer, The Wall Street Journal reported. KKR shares added 2.1%.

Deutsche Bank ( DB ) is under European Central Bank review over allegations it understated risks and overstated financial strength, the Financial Times reported. Deutsche shares were up 2.4%.