Financials Flat as Traders Await Jobs Data -- Financials Roundup

Shares of banks and other financial institutions were flat as traders awaited jobs data.

Stronger-than-anticipated economic activity this year hasn't changed the Federal Reserve's broad expectation that declining inflation will allow for interest-rate cuts this year, Fed Chair Jerome Powell said. Rates across the Treasury curve were down or flat as Powell seemed content to let data guide its interest-rate policy.

JPMorgan Chase bank said a new unit called Chase Media Solutions will let marketers tempt Chase customers with targeted deals and discounts related to their spending history.

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(END) Dow Jones Newswires

04-03-24 1749ET