03:40 PM EDT, 03/11/2025 (MT Newswires) -- Financial stocks declined in late Tuesday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) shedding 0.6%.

The Philadelphia Housing Index fell 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 0.7%.

Bitcoin (BTC-USD) added 5.5% to $83,081, and the yield for 10-year US Treasuries rose 7.5 basis points to 4.288%.

In sector news, Federal Reserve Governor Michelle Bowman is the front-runner to serve as the Federal Reserve's next vice chair for supervision, The Wall Street Journal reported. Bowman, a Republican, was appointed to her current role by Trump in 2018, the report said.

In economic news, job openings rose to 7.74 million in January, according to the Bureau of Labor Statistics, above the 7.6 million expected in a survey compiled by Bloomberg.

In corporate news, Bank of America ( BAC ) cut 150 junior investment banking roles, Reuters reported. The stock eased 0.1%.

Ares Acquisition (AACT) is in late stage talks to merge with autonomous trucking company Kodiak Robotics, Bloomberg reported. Ares shares added 0.3%.

Remitly (RELY) shares face a 40% to 55% potential long-term downside risk, short seller Spruce Point Capital Management said. Remitly shares were rising 1.9%.

Paymentus ( PAY ) shares jumped over 23%, a day after it reported higher Q4 non-GAAP earnings and revenue.