Shares in the financial sector rose as quarterly earnings from large banks poured in.
Morgan Stanley's profit jumped 58% in the second quarter, echoing bumper results at other big banks from strong trading and dealmaking activity.
Bank of New York Mellon said it now expects to end 2026 with 10% to 11% more revenue than it notched last year, up from its previous guidance for revenue to either rise or fall by 5%.
PayPal rallied on news that payments processor Stripe and private-equity firm Advent offered to buy it for $60.50 a share, in a deal that would value it at more than $53 billion.
BlackRock's private-debt funds business took in a net $6 billion of new client money in the second quarter. The unit managed $151 billion in assets as of June.
