Shares of banks and other financial institutions rose as deal activity boded well for investment banks.

BlackRock agreed to acquire U.K. data provider Preqin in a $3.22 billion deal, as the largest asset manager added capabilities in private-market analysis.

Shares of investment banks Goldman Sachs Group and Morgan Stanley rose sharply as a resurgence in multibillion-dollar merger-and-acquisition deals continued.


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

(END) Dow Jones Newswires

07-01-24 1729ET