Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index dropping 1.4% and the Financial Select Sector SPDR Fund (XLF) shedding 1.3%.
The Philadelphia Housing Index declined 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) losing 1.6%.
Bitcoin (BTC-USD) increased 3.2% to $81,283, and the yield for 10-year US Treasuries gained 1.5 basis points at 4.23%.
In economic news, President Donald Trump plans to double the tariffs to 50% on all steel and aluminum imports from Canada, starting Wednesday, in response to Ontario Premier Doug Ford's decision to slap a 25% surcharge on all electricity Ontario ships to the US.
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 and up from 7.508 million in December.
In corporate news, Remitly Global (RELY) shares face a 40% to 55% potential long-term downside risk, short seller Spruce Point Capital Management said. Remitly shares fell 1.5%.
Paymentus (PAY) shares jumped 21%, a day after the company reported higher Q4 non-GAAP earnings and revenue.
Robinhood (HOOD) said its funded customers rose to 25.6 million at the end of February, up 150,000 from the previous month. The stock rose 2%.
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