Shares of banks and other financial institutions rose, and were set to test all-time highs as increased deal activity and stock-market gains favored the sector.
Carrier Global was the latest firm to unveil a multibillion dollar deal, following similar revelations from Eli Lilly, Paramount Global and others in recent weeks.
Shares of buyout firms such as KKR and Carlyle rose. Money manager BlackRock also gained.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-15-24 1736ET
