Stocks fell for a second straight session Tuesday, despite better data on inflation, housing starts and building permits. Financial stocks were in the thick of trading again, outpacing the broader index declines. Oil sold off, settling at $70.50 a barrel. The Dow Jones Industrial Average lost 107 points to close at 8504. For a complete rundown of Tuesday s trading session see our market story.

Winners

Among unleveraged ETFs, investors sought the tried and true safe haven of Treasurys, pushing the iShares Barclays 20+ Year Treasury Bond fund (TLT) up 1.7%. Rising silver prices led to a 1.2% increase in the iShares Silver ETF (SLV) .

Losers

Weak sales news from Best Buy (BBY) helped drag down the SPDR S&P Retail fund (XRT) 3.4%. Receding crude prices knocked back the Oil Service HOLDRS fund (OIH) 3.0%.

Tuesday s Industry Headlines

Launching Pad
Wheaton, Ill.-based fund provider First Trust sough Securities and Exchange Commission permission to launch a community bank-focused exchange-traded fund that will track the NASDAQ ABA Community Bank index. That benchmark is primarily made up of small- and midcap community banks. The fund will charge 0.6% in annual operating expenses.

Wednesday s Notebook

Earnings and Conference Calls
Actuant, FedEx, IHS

Economic Data
7:00 a.m. June 1 Mortgage Refinance Applications
8:30 a.m. May Consumer Price Index
8:30 p.m. May Consumer Price Index, ex-food and energy
8:30 a.m. 1Q Current Account
4:30 p.m. U.S. Energy Dept Oil Inventories

A look at how the industry's most popular ETFs did on Tuesday: