Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.2%.

The Philadelphia Housing Index was falling 1.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was dropping 1.2%.

Bitcoin (BTC-USD) was declining 2.7% to $95,217, and the yield for 10-year US Treasuries was rising 3.1 basis points to 4.23%.

In economic news, the National Federation of Independent Business's monthly Small Business Optimism Index jumped to 101.7 in November from 93.7 in October, above 90.6 from a year ago and the highest since June 2021.

Redbook US same-store sales rose by 4.2% from a year earlier in the week ended Dec. 7, slower than a 7.4% year-over-year increase in the previous week.

In corporate news, UBS (UBS) is restructuring its US wealth management business to serve the affluent in addition to ultra-wealthy clients, The Wall Street Journal reported, citing an email to staff. UBS shares fell 2.2%.

Citigroup (C) shares rose 1.6% after it said Tuesday it expects Q4 investment banking fees to be up 25% to 30% year-over-year.

A Brookfield Asset Management (BAM) property fund bought student housing properties in the US for $893 million, 36% lower than the cost of replacing the properties and a 19% discount to recent trades, Bloomberg reported, citing a company spokesperson. Brookfield shares were fractionally lower.