Shares of banks and other financial institutions rose alongside Treasury yields.

The yield on the 10-year Treasury note briefly topped 1.5% for the first time since June after Federal Reserve Bank of New York President John Williams said the central bank is close to "tapering" bond purchases. Williams' comments amplified Fed Chairman Jerome Powell's warning last week that the Fed could reduce purchases at its next meeting.

Blackstone agreed to sell the Cosmopolitan casino and hotel on the Las Vegas Strip for $5.65 billion, the investment firm said on Monday, telling investors that the sale is the company's most profitable of a single asset ever.

Investors sold down securities from Sunac China Holdings Ltd. over two trading sessions, after a document circulated online showing a Sunac unit asking for government help to ease its liquidity difficulties.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

09-27-21 1710ET