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