01:45 PM EDT, 06/04/2024 (MT Newswires) -- Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index dropping 1% and the Financial Select Sector SPDR Fund (XLF) off 0.6%.

The Philadelphia Housing Index declined 2%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 1.2%.

Bitcoin (BTC-USD) climbed 1.7% to $70,394, and the yield for 10-year US Treasuries dropped 8.6 basis points to 4.32%.

In economic news, US job openings fell to 8.059 million in April, according to the Bureau of Labor Statistics, compared with the 8.35 million expected in a survey compiled by Bloomberg and below the 8.355 million reported in March.

Redbook US same-store sales in the week ended June 1 rose 5.8% from a year earlier following a 6.3% gain in the previous week.

New orders for US factory goods rose 0.7% in April, above expectations for a 0.6% increase in a survey compiled by Bloomberg but in line with the rise in March.

In corporate news, Axos Financial's ( AX ) "exposure to the riskiest asset classes, its lax underwriting standards and glaring issues with its portfolio indicate that the company faces significant stress ahead," short seller Hindenburg Research said in a report. Axos shares fell 6.2%.

Arch Capital ( ACGL ) has been executing "cycle management" better than its peers, and is expected to continue to do so, BofA Securities said in a note Tuesday. BofA raised its price objective for Arch to $119 from $109, while keeping the buy rating. Arch shares were down 1.1%.

Deutsche Bank ( DB ) and Bitpanda said they expanded their partnership, allowing the crypto broker's users in Germany to use the bank's real-time payment solutions for incoming and outgoing transactions. Deutsche shares were shedding 2.8%.