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FINWIRES

Sector Update: Financial

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-- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.5%.

The Philadelphia Housing Index was decreasing 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.6%.

Bitcoin (BTC-USD) was falling 1.5% to $76,184, and the yield for 10-year US Treasuries rose 2.6 basis points to 4.36%.

In corporate news, JPMorgan Chase (JPM) was selected as the first global banking partner of the Olympic Games, the company and the International Olympic Committee said Tuesday. Separately, JPMorgan is joining HSBC (HSBC) in providing a $6 billion financing for potential suitors of a stake in Kuwait Petroleum's crude oil pipeline network, Reuters reported. JPMorgan shares rose 0.3%, and HSBC was steady.

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