Financial stocks fell in late Tuesday afternoon trading, with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

The Philadelphia Housing Index dropped 2.2%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 1%.

Bitcoin (BTC-USD) rose 0.8% to $89,256, and the yield for 10-year US Treasuries jumped 12 basis points to 4.43%.

In economic news, US consumers' inflation expectations fell "slightly" at the short-, medium-, and long-term horizons in October, according to a survey by the New York Fed.

Official data are expected to show Wednesday that US consumer inflation rose 0.2% sequentially and 2.6% annually last month, according to a Bloomberg-compiled consensus.

The National Federation of Independent Business' monthly Small Business Optimism Index rose to 93.7 in October from 91.5 in September and 90.7 a year earlier.

In corporate news, H&R Block (HRB) shares fell 2.2%. The company has reached a proposed settlement with the Federal Trade Commission, agreeing to pay $7 million for consumer redress and to make key adjustments to its tax filing services by the 2025 tax season, the FTC said.

Hudson Pacific Properties (HPP) shares tumbled 7.9% after Jefferies downgraded the stock to hold from buy.

Dime Community Bancshares (DCOM) shares dropped 2.2% after the company priced its offering of 3.9 million shares at $32 apiece to raise $125 million.

ACNB (ACNB) received all regulatory approvals required for the all-stock acquisition of OTC-listed Traditions Bancorp. ACNB shares were falling 2.6%.