Shares of banks and other financial institutions rose as asset managers received a boost from an apparent year-end stock rally.

Money manager BlackRock rose by more than 5% for the week, while investment firm Blackstone was up more than 7%.

Chinese property giant Evergrande and its biggest foreign creditors are negotiating an 11th-hour deal to prevent a liquidation of the company's offshore businesses on Monday, The Wall Street Journal reported.

Write to Rob Curran at

(END) Dow Jones Newswires

12-01-23 1828ET