Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index shedding 0.03% and the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Philadelphia Housing Index was climbing 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.6%.

Bitcoin (BTC-USD) was declining 1.9% to $113,134, and the yield for 10-year US Treasuries was slightly higher at 4.20%.

In economic news, the Institute for Supply Management's US Services index fell to a reading of 50.1 in July from 50.8 in June, below expectations for an increase to 51.5 in a survey compiled by Bloomberg.

President Donald Trump said he will unveil tariffs on semiconductors and pharmaceuticals "within the next week or so" and that import taxes on drugs could ultimately reach 250%, according to a report from The Wall Street Journal on Tuesday.

In sector news, the White House is preparing an executive order that aims to prevent lenders' discrimination against conservatives and cryptocurrency companies, The Wall Street Journal reported Monday.

In corporate news, Shift4 Payments' (FOUR) shares fell past 15% after it reported weaker-than-expected Q2 earnings and announced the departure of Chief Financial Officer Nancy Disman.

Coinbase (COIN) shares dropped 4.6% after it announced plans for a $2 billion private offering of convertible senior notes, evenly split between 2029 and 2032 maturities.

Deutsche Bank (DB) Chief Executive Christian Sewing approved a 1.5 billion euro ($1.73 billion) transaction with UniCredit in 2010 that he later examined in an internal probe linked to a Monte dei Paschi case, the Financial Times reported Tuesday. Deutsche shares were rising 0.6%.