Banks, lenders and financial companies rose as traders bet the sector would benefit from higher interest rates.
French insurance company AXA said it plans to take its large U.S. life-insurance operations public. The unit pursuing an initial public offering would also comprise the AllianceBernstein Holding asset-management business.
Deutsche Bank's new biggest shareholder, Chinese conglomerate HNA Group, used more than $2.8 billion in financing to help buy its nearly 10% stake in the German lender and protect itself against potential losses on the position.
Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
May 10, 2017 17:40 ET (21:40 GMT)