Shares of banks and other financial institutions rose amid signs that the Trump administration is gauging stock market response to its policies.
During the recent stock market correction, investors had given up on hopes that Treasury Secretary Scott Bessent and President Donald Trump would take market reactions into account when planning trade and economic policy.
As an April 2 deadline for new tariff rules approaches, Trump is striking a less uncompromising tone and hinting at much narrower-than-anticipated impositions of imoprt duties.
One brokerage warned that "huge uncertainty" still remains.
"We still think immigration is an underappreciated drag on the economy, and markets substantially overestimate both the likely speed of deregulation and its ability to push growth," said economists at brokerage Morgan Stanley, in a note to clients. "Ultimately ... the world is still connected, so tariffs will hurt not only global trade, but also corporate confidence, and the slowdown we expect in the U.S. will weigh on other economies."
Business-analytics firm Dun & Bradstreet Holdings agreed to be acquired by private equity firm Clearlake Capital Group in a transaction valued at $7.7 billion, including outstanding debt.
Activist investment firm Elliott Investment Management has built a stake in Japanese property developer Sumitomo.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 24, 2025 17:09 ET (21:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。