01:32 PM EDT, 07/02/2025 (MT Newswires) -- Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.4%.

The Philadelphia Housing Index was up 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.3%.

Bitcoin (BTC-USD) was increasing 3.2% to $109,705, and the yield for 10-year US Treasuries was rising 5.3 basis points to 4.30%.

In economic news, Automatic Data Processing's monthly measure of private payrolls showed a 33,000 decrease in June, compared with expectations compiled by Bloomberg for an increase of 98,000 jobs.

Outplacement firm Challenger, Gray & Christmas said US companies planned to cut 47,999 jobs in June, below 93,816 in May and down from 48,786 a year earlier.

President Donald Trump said Wednesday morning on Truth Social that the US and Vietnam have reached an agreement under which Vietnam will pay a 20% tariff on all exports sent to the US and a 40% tariff on transshipment. The US will have total access to Vietnamese markets, "meaning that, we will be able to sell our product into Vietnam at ZERO tariff," Trump said.

In corporate news, JPMorgan Chase's ( JPM ) blockchain unit Kinexys is exploring the development of a service for the tokenization of carbon credits in collaboration with S&P Global ( SPGI ) Commodity Insights' Environmental Registry, the companies said Wednesday. JPMorgan ( JPM ) shares rose 0.4% and S&P Global ( SPGI ) was down 0.6%.