Financial stocks fell in late Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.6%.

The Philadelphia Housing Index declined 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) decreased 0.5%.

Bitcoin (BTC-USD) rose 1.2% to $106,743, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.49%.

In economic news, Redfin (RDFN) said US home prices dropped 0.1% in April on a seasonally adjusted basis, the first sequential decline since September 2022. Home prices rose 4.1% from a year earlier versus 4.9% growth in March and the lowest annual price growth since July 2023.

In sector news, Republican financial officers from 21 states urged the US Securities and Exchange Commission to determine if Chinese companies should be delisted from US stock exchanges for failing to protect American investors, the Financial Times reported.

In corporate news, Goldman Sachs (GS) plans to open more offices and expand headcount in the Middle East, Bloomberg reported, citing Marc Nachmann, the bank's global head of asset and wealth management. Goldman shares were down 1%.

UBS (UBS) is expected to lose its initial bid to ease a Swiss proposal requiring higher capital reserves for foreign subsidiaries, Bloomberg reported. UBS shares fell 4.3%.

Blackstone (BX) has initiated the sale of event and exhibition organizer Clarion Events, Reuters reported. Blackstone bought Clarion in 2017 for 600 million pounds ($802 million), the report said. Blackstone shares were down 0.8%.

Apollo Global Management (APO) plans to finance its $2 billion acquisition of PowerGrid Services with $1 billion in private credit, Bloomberg reported Monday. Apollo shares were shedding 2.2%.