Shares of banks and other financial institutions rose to all-time highs amid signs of increased deal-making activity.

President Trump's attempt to fire Federal Reserve governor Lisa Cook jarred global markets, causing the U.S. dollar to lose ground and long-term rates to rise. The move is the most dramatic step yet in Trump's effort to take control of the independent central bank, a move that strategists warn could backfire.

Interactive Brokers shares rose after reports that the digital trading firm's shares would be added to the S&P 500.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

08-26-25 1830ET