03:55 PM EDT, 04/01/2025 (MT Newswires) -- Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) shedding 0.3%.

The Philadelphia Housing Index was up fractionally, and the Real Estate Select Sector SPDR Fund (XLRE) decreased 0.2%.

Bitcoin (BTC-USD) was increasing 3.1% to $84,976, and the yield for 10-year US Treasuries dropped 9 basis points to 4.16%.

In economic news, Trump administration aides have drafted a proposal to impose roughly 20% tariffs on most imports to the US, The Washington Post reported Tuesday.

Job openings fell to 7.568 million in February, the US Bureau of Labor Statistics said. That lagged the 7.655 million expected in a Bloomberg survey and was down from 7.762 million in January.

The Institute for Supply Management said US Manufacturing Index fell to 49 in March from 50.3, below the 49.5 consensus.

In corporate news, UBS (UBS) told Italian unions that it plans to cut 180 jobs, or a third of the total in the country, Reuters reported. UBS shares were down 0.9%.

StoneX ( SNEX ) said it launched a new shell egg contract using an IOSCO-assured Price Reporting Agency benchmark to offer egg producers and buyers pricing transparency amid market volatility. StoneX ( SNEX ) shares were up 0.3%.

Citigroup ( C ) and JPMorgan Chase (JPM) are struggling to find investors for a $900 million leveraged loan and a $1.33 billion junk bond sale related to Canadian auto parts maker ABC Technologies' acquisition of TI Fluid Systems as upcoming tariffs loom large on the businesses, Bloomberg reported. Citi shares shed 0.7%, and JPMorgan ( JPM ) was down 0.5%.

Open Lending ( LPRO ) shares dropped 57% after it reported late Monday a wider Q4 net loss as revenue plunged to a negative during the period.