Shares of banks and other financial institutions ticked down amid trepidation about the outlook for the Middle East conflict and interest rates.

Northern Trust's first-quarter net income rose as client inflows and strength in stock, bond and private markets generated higher fees.

During a Senate confirmation session, which lasted more than two hours, senators grilled President Trump's nominee for Federal Reserve chair, Kevin Warsh, about his sizable financial assets and his plans to preserve the independence of the Fed.

New York Attorney General Letitia James filed lawsuits against crypto exchanges Coinbase and Gemini, accusing them of operating prediction markets that violate state gambling laws.


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

(END) Dow Jones Newswires

04-21-26 1839ET