Shares of banks and other financial institutions rose after strong earnings from two Wall Street giants.
Goldman Sachs Group rose to all-time highs after the Wall Street bank boosted its dividend following robust second-quarter earnings growth.
Dealmaking, wealth management and fixed-income trading all grew by more than analysts had anticipated.
BlackRock, the largest money manager by assets under management, reported second-quarter profit that rose 11% from a year earlier. Coinbase Technology shares rose as investors piled into cryptocurrencies.
Bitcoin and other cryptocurrencies have become a favorite investment for some traders following political shocks, such as the attempted assassination of President Donald Trump in Butler, Pa., at the weekend.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-15-24 1720ET
