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Sector Update: Financial

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Financial stocks advanced in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.2%.

The Philadelphia Housing Index was down 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.2%.

Bitcoin (BTC-USD) was adding 1.6% to $66,270, and the yield for 10-year US Treasuries rose 3 basis points to 4.628%.

In corporate news, Goldman Sachs (GS) has launched a new platform to expand its offerings for wealthy clients and family offices seeking direct stakes in fast-growing private companies, CNBC reported, citing a memo. The new group, called the alternative investments platform, combines Goldman's alternatives business with two new teams, the report said. Goldman shares were up 2.5%.

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Sector Update: Energy Stocks Rise Late Afternoon

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