Shares of banks and other financial institutions rose sharply as traders rotated back into lagging sectors.
Shares of Goldman Sachs Group and Morgan Stanley rose to all-time highs as investors licked their chops ahead of lucrative Wall Street debuts for the investment banks' clients such as SpaceX and OpenAI.
Treasury yields continued a volatile streak, with the yield on the 30-year bond closing near the psychologically significant 5% level.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
