Shares of banks and other financial institutions rose as traders bet the sector would benefit from elevated long-term Treasury yields.
Investment firm Ares Management expects its fundraising and investing to reach record levels this year despite an industrywide slowdown in amassing capital, as the credit specialist benefits from accelerating deal activity and other trends.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-01-24 1753ET