U.S. Bancorp (USB) Chief Executive Andrew Cecere said the company would be "very prudent" over capital allocations until it has more clarity over a potential regulatory change that could lead to higher capital demands for US banks. The Philadelphia Housing Index was 1% higher and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.7%. In economic news, the US seasonally adjusted consumer price index rose by 0.1% in May, right on expectations in a survey compiled by Bloomberg and following a 0.4% increase in April, according to data released by the Bureau of Labor Statistics.