Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.3%.

The Philadelphia Housing Index was falling 2.6%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.2%.

Bitcoin (BTC-USD) was 0.4% lower at $67,319, and the yield for 10-year US Treasuries was rising 2 basis points to 4.20%.

In economic news, the Richmond Federal Reserve's monthly manufacturing index improved to minus 14 in October from minus 21 in September, compared with expectations for minus 17 in a survey compiled by Bloomberg.

The Philadelphia Federal Reserve Bank's monthly non-manufacturing activity index rebounded to 6.0 in October from minus 6.1 in the previous month, compared with expectations for 4.1 in a survey compiled by Bloomberg.

For the US, the International Monetary Fund now sees a 2.8% gain in 2024 after a 2.9% increase in 2023, an upward adjustment from the 2.6% growth estimate for 2024 in July. A slowdown to 2.2% growth is likely during 2025, an upward adjustment from the 1.9% gain previously estimated.

In corporate news, Carlyle (CG) has withdrawn from the bidding process for the warship division of Thyssenkrupp, Reuters reported. Carlyle shares fell 2.3%.

Fuji Soft's top shareholder 3D Investment Partners has confirmed its support for KKR's (KKR) bid for the Japanese software developer in a $4 billion takeover battle against Bain, Reuters reported. KKR shares were 0.2% higher.

BlackRock (BLK) said Tuesday that it has launched two new active exchange-traded funds to give clients "more choices" to invest in technology and artificial intelligence. BlackRock shares were steady.