01:16 PM EDT, 07/23/2025 (MT Newswires) -- Financial stocks advanced in Wednesday afternoon trading with the NYSE Financial Index rising 0.8% and the Financial Select Sector SPDR Fund (XLF) gaining 0.5%.

The Philadelphia Housing Index increased 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was little changed.

Bitcoin (BTC-USD) fell 1.8% to $117,872, and the yield for 10-year US Treasuries rose 5.4 basis points to 4.39%.

In economic news, President Donald Trump unveiled a trade deal with Japan that sets the punitive import tariff at 15%, down from the previously proposed 25%.

The pace of US existing home sales fell to a 3.93 million seasonally adjusted annual rate in June from 4.04 million in May, compared with the 4 million rate expected in a survey compiled by Bloomberg, National Association of Realtors data showed.

In corporate news, Fiserv ( FI ) agreed to buy a portion of Toronto-Dominion Bank's (TD) merchant processing business in Canada for an undisclosed amount. Fiserv ( FI ) shares fell 16%.