03:28 PM EDT, 07/30/2025 (MT Newswires) -- Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index shedding 0.8% and the Financial Select Sector SPDR Fund (XLF) declining 0.6%.

The Philadelphia Housing Index dropped 2.2%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 1.6%.

Bitcoin (BTC-USD) fell 1.4% $116,312, and the yield for 10-year US Treasuries rose 5 basis points to 4.38%.

In economic news, the Federal Open Market Committee maintained the target range for the federal funds rate at 4.25% to 4.5%, but there were two dissenting votes by Federal Reserve governors for the first time since 1993, both looking for a 25-basis point rate reduction.

US GDP grew 3% in the advance estimate for Q2, above the 2.6% increase expected in a Bloomberg survey, and followed the 0.5% decline in Q1, the US Bureau of Economic Analysis said.

Private employment rose by 104,000 jobs in July, ADP's data showed. The consensus was for an increase of 76,000 in a Bloomberg survey. Job losses stood at 23,000 in June, revised down from ADP's initial estimate for a 33,000 decline.

In corporate news, Intercontinental Exchange ( ICE ) is in talks to acquire Enverus in a deal valued at $6 billion, Bloomberg reported. Intercontinental Exchange ( ICE ) shares rose 0.6%.