Financials Up as Private-Credit, Cryptocurrency Firms Rebound - Financials Roundup

Shares of banks and other financial institutions rose as private-credit and bitcoin worries abated.

Cryptocurrency firms such as Coinbase Global and Robinhood Markets rallied alongside bitcoin, which shot up roughly 8% to multiweek highs above $73,000.

Among private-credit firms, shares of Blackstone rose 2.9%. Blue Owl rose slightly.

Governments in developed nations are set to sell a record amount of bonds this year in an increasingly risky environment, while a small number of companies plan to borrow heavily to fund building AI capacity, the Organisation for Economic Cooperation and Development said.

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(END) Dow Jones Newswires

03-04-26 1738ET