04:07 PM EDT, 07/23/2025 (MT Newswires) -- Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index adding 1% and the Financial Select Sector SPDR Fund (XLF) up 0.6%.

The Philadelphia Housing Index shed 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.1%.

Bitcoin (BTC-USD) fell 1.3% to $118,315, and the yield for 10-year US Treasuries rose 5 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, Capital One Financial ( COF ) won a court order that pauses the evidence-exchange process in a lawsuit that accuses the bank of closing the accounts of the Trump Organization for political reasons, Bloomberg reported, citing the ruling in Miami federal court from US Magistrate Judge Enjolique Lett. Capital One shares were rising 1.5%.

Berkshire Hathaway ( BRK/A ) is poised for strong Q2 results, bolstered by gains in its insurance business, UBS Securities said Wednesday in a report. Berkshire shares rose 1%.

Fiserv ( FI ) reported adjusted earnings per share Wednesday that rose year-over-year and beat analyst consensus expectations. It also agreed to buy a portion of Toronto-Dominion Bank's (TD) merchant processing business in Canada for an undisclosed amount. Fiserv ( FI ) shares fell past 14%.

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 1.9%.