Shares of banks and other financial institutions slipped as enthusiasm about a coming tidal wave of initial-public offering deals was tempered by oil and interest-rate volatility.
Shares of Goldman Sachs Group rose by almost 3% and are now up by more than 75% for the last 12 months.
"We could have the three largest IPOs in history all in one year," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. "I imagine Wall Street bankers are salivating just thinking about the possibilities."
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
