(Corrects Fiserv to note Q2 earnings beat estimates in the seventh paragraph.)
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.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 Q2 adjusted earnings per share that rose year-over-year and beat expectations, and agreed to buy a portion of Toronto-Dominion Bank's (TD) merchant processing business in Canada for an undisclosed amount. Fiserv shares fell 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 1.2%.
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