Shares of banks and other financial institutions rose as private-credit fears continued to dissipate.
Ares Management shares rose after the private-credit manager posted an in-flow of capital, raising a record $30 billion during the first quarter. Ares’ echoing rival Blue Owl’s earnings update earlier in the week.
Cboe Global Markets is slashing 20% of its global workforce and tightening its return-to-office policies, the newest plank in the exchange’s plan to sharpen its focus on key businesses.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-01-26 1735ET