Financial stocks continue to trade lower late Tuesday, with the NYSE Financial Index sliding 1.4% while the SPDR Financial Select Sector ETF (XLF) was off 1.1%.
The Philadelphia Housing Index also was dropping 1.6% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping by 1.0%.
In company news, Saratoga Investment (SAR) fell 2.1% after the commercial lender late Monday priced a $52.5 million public offering of 8.125% unsecured notes maturing in December 2027.