Shares of banks and other financial institutions rallied as Treasury yields rebounded alongside risk appetite.
The yield on the 10-year Treasury note tested the psychologically significant 1.6% level before closing around 1.57%.
Wall Street firms also gained on dealmaking. In the first quarter this year, U.S. startups raised $69 billion from investors, 41% more than the previous record, set in the fourth quarter of 2018, The Wall Street Journal reported.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-21-21 1649ET
