Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index adding 0.7% and the Financial Select Sector SPDR Fund (XLF) gaining 0.5%.

The Philadelphia Housing Index jumped 6.6%, and the Real Estate Select Sector SPDR Fund (XLRE) advanced 1.5%.

Bitcoin (BTC-USD) rose 2.1% to $119,803, and the yield for 10-year US Treasuries shed 3.2 basis points to 4.34%.

In economic news, the Richmond Fed's monthly manufacturing index deteriorated to minus 20 in July from minus 8 in June, compared with expectations for an improvement to minus 2 in a survey compiled by Bloomberg.

The Philadelphia Federal Reserve Bank's monthly non-manufacturing activity index improved to minus 10.3 in July from minus 25 in the previous month, indicating a slower pace of contraction.

The National Association of Realtors' measure of US existing home sales is expected to slow to a 4 million annual rate in June, based on a survey compiled by Bloomberg, after rising 0.8% to a 4.03 million rate in May.

In corporate news, Synovus Financial (SNV) shares jumped 7.3% after Bloomberg reported that the company is considering a potential merger after drawing interest.

Rithm Capital (RITM) shares added 1.5%. The firm announced a partnership with an undisclosed institutional investor to finance the near-term acquisition of up to $500 million of residential transitional loans, with the potential to acquire up to $1.5 billion.

Synchrony Financial (SYF) shares rose 1.7%. The company's 30-day-plus loan delinquency rate was 4.2% on June 30, unchanged from a month earlier and down from 4.5% a year earlier, according to a regulatory filing.

First Financial (THFF) shares gained 2% after the company's Q2 earnings and revenue rose from a year earlier.