Shares of banks and other financial institutions rose after a Federal Reserve rate cut.
Fed Chairman Jerome Powell said the outlook for economic growth had improved, while inflation remained relatively contained.
"It looks like a Goldilocks scenario for 2026 is possible and increasingly likely," said Oliver Pursche, senior vice president at financial advisory Wealthspire.
Banking giant JPMorgan Chase is giving a payment of up to $1,000 to employees whose annual pay is less than $80,000, many of whom will receive it in the form of a contribution to retirement plans, Chief Executive Officer Jamie Dimon said in a staff memo.
Aegon, the Dutch insurer and asset manager, is joining the stream of European companies moving stateside as it seeks to tap into the booming U.S. life-insurance and retirement-savings market.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-10-25 1708ET
