01:42 PM EDT, 07/23/2025 (MT Newswires) -- Financial stocks rose in Wednesday afternoon trading with the NYSE Financial Index adding 0.8% and the Financial Select Sector SPDR Fund (XLF) gaining 0.5%.

The Philadelphia Housing Index increased 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was little changed.

Bitcoin (BTC-USD) fell 0.9% to $117,794, 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, Berkshire Hathaway ( BRK/A ) (BRK.A, BRK.B) is poised for strong Q2 results, bolstered by gains in its insurance business, UBS Securities said Wednesday in a report. Berkshire shares rose past 1%.

Fiserv ( FI ) reported adjusted earnings per share Wednesday that rose but missed estimates, and 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%.

Citigroup ( C ) is broadening its research on private companies amid a surge in firms backed by venture capital and private equity firms, Bloomberg reported. Citi shares added 1.2%.