Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) shedding 0.4%.

The Philadelphia Housing Index dropped 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 0.8%.

Bitcoin (BTC-USD) gained 0.3% to $94,669, and the yield for 10-year US Treasuries dropped 3.5 basis points to 4.314%.

In economic news, the first look at consumer confidence for May fell from April with the RealClearMarkets' monthly index decreasing to 47.9 from 49.1 on declines in two of its three components.

Redbook US same-store sales last week rose 6.9% from a year earlier after a 6.1% gain in the previous week.

In corporate news, JPMorgan Chase (JPM) and other US investment banks are steering clear of the Hong Kong IPO of China's Chery Automobile, Bloomberg reported. JPMorgan was initially slated to be part of the offering but dropped off, allowing Chinese investment banks to sponsor the offering, the report said. JPMorgan shares fell 0.9%.

Morgan Stanley (MS) said Monday the US Securities and Exchange Commission concluded its investigation into the company's cash sweep program for advisory accounts and doesn't intend to pursue enforcement action. The shares dropped 1.3%.

Global Payments (GPN) reported Q1 adjusted earnings and revenue that topped Wall Street expectations. The shares declined 1.3%.