Shares of banks and other financial institutions fell as Treasury yields gave back some of their recent gains.
The yield on the 10-year Treasury note initially plunged after surprisingly weak jobless data, but later recouped some of those losses after shares of investment firm Blackstone Group rallied after it reported a sharp increase in second-quarter earnings, reflecting a record rate of appreciation in the value of its portfolio, which include stakes in private and public companies, and real-estate holdings.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-22-21 1722ET
