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Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index fell 2.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.2%.Bitcoin (BTC-USD) was fractionally lower at $61,685, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.542%.In economic news, the US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April. The year-over-year rates for overall and core CPI increased to 4.2% and 2.9%, respectively, from 3.8% and 2.8% in the previous month.In corporate news, JPMorgan Chase (JPM) and Bank of America (BAC) are among the major US banks that have received subpoenas from the Justice Department seeking information over whether they "debanked" clients for political reasons, The Wall Street Journal reported. JPMorgan shares were down 0.4%, and Bank of America rose 0.7%.Visa (V) said Wednesday its payment services will be integrated into OpenAI's platform to allow retailers to accept purchases from AI agents. Visa shares were shedding 0.4%.Nasdaq (NDAQ) Verafin is launching a new set of agentic workers, beginning with the Agentic AML Analyst and the Agentic Fraud Analyst, the firm said. The shares were down 0.8%.Brookfield Asset Management (BAM) is expanding its offerings for wealthy investors in Japan, targeting infrastructure, real estate, and private credit as hedges against inflation, Nikkei reported. Brookfield shares were falling 3.2%.

$BAC$BAM$JPM$NDAQ$V
Sectors

Sector Update: Financial Stocks Edge Lower Wednesday Afternoon

Financial stocks were softer in Wednesday afternoon trading, with the NYSE Financial Index 0.1% lower and the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.The Philadelphia Housing Index was falling 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.5%.Bitcoin (BTC-USD) was increasing 0.6% to $62,078, and the yield for 10-year US Treasuries rose 1.2 basis points to 4.54%In economic news, the US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April. The year-over-year rates for overall and core CPI increased to 4.2% and 2.9%, respectively, from 3.8% and 2.8% in the previous month.In corporate news, Brookfield Asset Management (BAM) is expanding its offerings for wealthy investors in Japan, targeting infrastructure, real estate, and private credit as hedges against inflation, Nikkei reported. Brookfield shares were down 1.2%.Nasdaq (NDAQ) Verafin is launching a new set of agentic workers, beginning with the Agentic AML Analyst and the Agentic Fraud Analyst, the firm said. Shares were down 0.7%.Ares Management (ARES) has closed its Ares Pathfinder Fund III and Ares Pathfinder Fund III (Offshore), known together as Pathfinder III, at $8.5 billion in commitments, the company said Wednesday. Ares shares declined 1%.

$ARES$BAM$NDAQ
Sectors

Sector Update: Financial

Financial stocks edged higher in Wednesday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF (XLF) up 0.2%.The Philadelphia Housing Index was falling 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.5%.Bitcoin (BTC-USD) was increasing 0.6% to $62,078, and the yield for 10-year US Treasuries rose 1.2 basis points to 4.54%.In corporate news, Brookfield Asset Management (BAM) is expanding its offerings for wealthy investors in Japan, targeting infrastructure, real estate, and private credit as hedges against inflation, Nikkei reported. Brookfield shares were down 1%.

$BAM
Sectors

Sector Update: Financial

Financial stocks were higher in late Friday afternoon trading, with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 0.1%.The Philadelphia Housing Index was down 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.4%.Bitcoin (BTC-USD) was down 6.5% to $59,570, and the yield for 10-year US Treasuries rose 6.3 basis points to 4.54%.In corporate news, KKR (KKR) and Brookfield Asset Management (BAM) are in discussions with Switch to invest in the data center developer's fundraising round at a valuation of at least $50 billion, The Information reported Thursday. KKR shares fell 2.6%, and Brookfield was down 1.9%.

$BAM$KKR
Wire

Market Chatter: KKR, Brookfield Asset Management in Talks to Invest in Switch's Fundraising Round

KKR (KKR) and Brookfield Asset Management (BAM) are among investors in discussions with Switch to invest in the data center developer's fundraising round at a valuation of at least $50 billion, The Information reported Thursday, citing people familiar with the matter.The fundraising round could set up Switch for an initial public offering, which could happen as early as 2027, according to the report.KKR and Brookfield Asset Management did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $93.24, Change: $-2.22, Percent Change: -2.33%

$BAM$KKR
Sectors

Sector Update: Financial Stocks Advance Pre-Bell Thursday

Financial stocks were advancing pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.8% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.8%.Brookfield (BN) stock was up 0.6% after the company reported higher Q1 distributable earnings and revenue.Fiserv (FISV) shares were up more than 2% after the company said it is working with OpenAI to integrate advanced AI capabilities into its platforms, aiming to help financial institutions modernize operations and support efficiency.Brookfield Asset Management (BAM) is nearing a $935 million loan to help fund its acquisition of World Freight from EQT and PAI Partners, Bloomberg News reported, citing sources familiar with the matter. Brookfield Asset Management stock was up more than 1% premarket.

$BAM$BN$FAS$FAZ$FISV$XLF
Sectors

Sector Update: Financial Stocks Fall Monday

Financial stocks fell Monday with the NYSE Financial Index declining 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.1%.The Philadelphia Housing Index shed 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.4%.Bitcoin (BTC-USD) added 0.7% to $81,990, and the yield for 10-year US Treasuries rose 4.6 basis points to 4.41%.In economic news, the pace of US existing home sales increased 0.2% to a 4.02 million seasonally adjusted annual rate in April from 4.01 million in March, below the expectations for a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors showed.In corporate news, Brookfield Asset Management (BAM) plans to invest $500 million in OpenAI Deployment Co. Brookfield shares fell 1.7%.Blackstone's (BX) real estate debt arm, Blackstone Real Estate Debt Strategies, launched a lending platform to provide capital and flexibility to US homebuilders, aiming to support construction of over 50,000 for-sale homes annually. Blackstone shares declined 1.9%.Apollo Global Management (APO) said its managed funds agreed to buy Emerald Holding (EEX) and Questex to form a combined business events platform. Separately, Apollo is in discussions with potential buyers to sell its MidCap Financial Investment (MFIC) business development company, the Wall Street Journal reported. Apollo values the business at about $3 billion, the report said. Apollo shares fell 2.1%, and MidCap Financial Investment dropped 5.2%.

$APO$BAM$BX$MFIC
Sectors

Sector Update: Financial

Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding about 0.3%.The Philadelphia Housing Index shed 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.3%.Bitcoin (BTC-USD) added 0.7% to $81,990, and the yield for 10-year US Treasuries rose 4.6 basis points to 4.41%.In corporate news, Brookfield Asset Management (BAM) said Monday that it will invest $500 million in OpenAI Deployment Company. Brookfield shares were down 1.7%.

$BAM
Sectors

Sector Update: Financial Stocks Mixed Monday Afternoon

Financial stocks were mixed in Monday afternoon trading with the NYSE Financial Index dropping 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) edging up 0.1%.The Philadelphia Housing Index shed 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.3%.Bitcoin (BTC-USD) fell 0.7% to $81,616, and the yield for 10-year US Treasuries rose 4.2 basis points to 4.406%.In economic news, the pace of US existing home sales increased 0.2% to a 4.02 million seasonally adjusted annual rate in April from 4.01 million in March, below the expectations for a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors showed.In sector news, the White House is reviewing a plan for the US Securities and Exchange Commission to end the so-called gag rule that lets companies and people settle enforcement actions without admitting wrongdoing if they vow not to dispute the allegations, Bloomberg reported.In corporate news, Blackstone's (BX) real estate debt arm, Blackstone Real Estate Debt Strategies, launched a lending platform to provide capital and flexibility to US homebuilders, aiming to support construction of over 50,000 for-sale homes annually. Blackstone shares fell 1.5%.Apollo Global Management (APO) said its managed funds agreed to buy Emerald Holding (EEX) and Questex to form a combined business events platform. Separately, Apollo is in discussions with potential buyers to sell its MidCap Financial Investment (MFIC) business development company, the Wall Street Journal reported. Apollo values the business at about $3 billion, the report said. Apollo shares fell 1.5%, and MidCap Financial Investment dropped 3.5%.Brookfield Asset Management (BAM) is well positioned heading into its fundraising cycle, with its private equity and infrastructure flagships, along with 60 fundraising strategies driving an estimated $150 billion in fundraising in 2026, RBC Capital Markets said. Brookfield shares fell 1.5%.

$APO$BAM$BX$MFIC
Wire

Brookfield Asset Management in Good Position Heading Into Fundraising Cycle, RBC Says

Brookfield Asset Management (BAM) is well positioned heading into its fundraising cycle, with its private equity and infrastructure flagships, along with 60 fundraising strategies driving an estimated $150 billion in fundraising in 2026, RBC Capital Markets said Monday.Brookfield's $3.5 billion of debt outstanding is below its US alternative asset management peers on key metrics including market cap, assets under management, and debt to fee-related earnings multiple, the brokerage said.RBC sees Brookfield's rising debt as manageable and a good form of capital optimization over the long-term. However, the interest expense compresses distributable earnings growth in the near-term relative to fee-related earnings growth, and RBC estimates that the two metrics will converge in 2027, according to the note.The private credit environment is turning more favorable for lenders, which should generate incremental fee opportunities for Brookfield Asset Management, the brokerage said.RBC kept an outperform rating on Brookfield Asset Management and lowered the price target to $65 from $74.Price: $49.36, Change: $-0.40, Percent Change: -0.80%

$BAM
Research

Brookfield Asset Management Price Target Lowered to US$65 at RBC

RBC Capital Markets lowered its price target on Brookfield Asset Management Ltd. (BAM.TO, BAM) to US$65 from US$74 on Monday.Analyst Bart Dziarski maintained an Outperform rating on shares of the Toronto-based global alternative asset management."We believe BAM is well positioned heading into its fundraising cycle with private equity, infrastructure flagships and 60 strategies in total fundraising driving our estimated $150 Billion of fundraising ($110 Billion excluding Just Group mandate) in 2026," Dziarski said in a note to clients."We have reduced our target... as we lowered our target multiple from 28.5x to 24x given calibration to BAM's closest peer Blackstone Inc. (BX)," the analyst said."On capital allocation, BAM remains under-levered vs. US Alts peers, has been actively repurchasing stock ($575M YTD) and yields ~4%."

$BAM$BAM.TO$BX
Research

Research Alert: CFRA Reiterates Buy Rating On Nyse Shares Of Brookfield Asset Management Ltd.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our target price at $60 applying a forward P/E of 31.5x compared to the three-year historical average at 30.2x. Our valuation is supported by our view on growth of the business, diversification in high quality markets, and the durability of earnings. We raise our 2026 distributed earnings per share by $0.10 to $1.90 and increase 2027 by $0.10 to $2.25, both near consensus estimates. Compared to ALT peers that trade in the 20x-30x range, our premium valuation for BAM is based on its global leadership with diversified investments and performance track record. The firm has been handling infrastructure investing for decades and stands to benefit from AI-related investments in power, transmission, and data centers. Electricity and power are a key areas for AI infrastructure. We think BAM is best positioned for this opportunity. The market environment across all business segments remains strong, in our view. We see healthy fundraising and monetization, and the dividend yield is 3.25%.

$BAM
Research

Research Alert: CFRA Reiterates Buy Opinion On Tsx Shares Of Brookfield Asset Management Ltd.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our target at CAD82 applying a forward P/E of 31.5x compared to the three-year historical average at 30.2x. Our valuation is supported by our view on growth of the business, diversification in high quality markets, and the durability of earnings. We raise our 2026 distributed earnings per share by $0.10 to $1.90 and increase 2027 by $0.10 to $2.25, both near consensus estimates. Compared to ALT peers that trade in the 20x-30x range, our premium valuation for BAM is based on its global leadership with diversified investments and performance track record. The firm has been handling infrastructure investing for decades and stands to benefit from AI-related investments in power, transmission, and data centers. Electricity and power are a key areas for AI infrastructure. We think BAM is best positioned for this opportunity. The market environment across all business segments remains strong, in our view. We see healthy fundraising and monetization, and the TSX shares' dividend yield is 4.11%.

$BAM
Sectors

Sector Update: Financial Stocks Rise Pre-Bell Friday

Financial stocks were rising pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.5% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%.Essent Group (ESNT) shares were up 1% after the company reported higher Q1 earnings and revenue.Burford Capital (BUR) stock was down more than 6% after the company reported that it swung to a Q1 loss.Brookfield Asset Management (BAM) shares were up 0.7% after the company posted higher Q1 distributable earnings and total revenue.

$BAM$BUR$ESNT$FAS$FAZ$XLF
Research

Research Alert: Bam Delivers Solid Q1 2026 Results As Fre Rises 12%, Beats Estimates

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BAM posted solid Q1 2026 results, with Q1 fee-related earnings surging +12% to $0.48, beating consensus by $0.06, while distributable earnings grew +8% and fee-bearing capital reached $614B. Strong fundraising of $21B across all segments, led by Credit at $68B, supported the performance with $87B of LTM capital inflows. We are positive about BAM's strategic focus on expanding its Credit segment and believe it is well-positioned to capitalize on AI-related infrastructure and renewable energy trends. Management remains highly optimistic for 2026, expecting growth to exceed long-term targets due to flagship vintages and Oaktree integration benefits. The $20B Qatar AI partnership and $137B of uncalled commitments provide significant deployment capacity, while Connor Teskey's CEO appointment positions BAM for continued execution. We think BAM can deliver earnings momentum, as 87% of fee-bearing capital is permanent and robust liquidity of $2.5B supports growth initiatives. Market conditions remain positive.

$BAM
Research

Research Alert: Bam Delivers Solid Q1 2026 Results As Fre Rises 12%, Beats Estimates

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BAM posted solid Q1 2026 results, with Q1 fee-related earnings surging +12% to $0.48, beating consensus by $0.06, while distributable earnings grew +8% and fee-bearing capital reached $614B. Strong fundraising of $21B across all segments, led by Credit at $68B, supported the performance with $87B of LTM capital inflows. We are positive about BAM's strategic focus on expanding its Credit segment and believe it is well-positioned to capitalize on AI-related infrastructure and renewable energy trends. Management remains highly optimistic for 2026, expecting growth to exceed long-term targets due to flagship vintages and Oaktree integration benefits. The $20B Qatar AI partnership and $137B of uncalled commitments provide significant deployment capacity, while Connor Teskey's CEO appointment positions BAM for continued execution. We think BAM can deliver earnings momentum, as 87% of fee-bearing capital is permanent and robust liquidity of $2.5B supports growth initiatives. Market conditions remain positive.

$BAM
Asia Markets

US Equity Futures Gain Pre-Bell as Trump Says Ceasefire Still in Effect Despite Skirmish in Strait of Hormuz

US equity futures were edging higher pre-bell Friday as traders continued to monitor developments in the Middle East conflict, with the US and Iran exchanging fire, while President Donald Trump said the ceasefire was still in effect.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 0.9% higher.The US and Iran traded fire in the Strait of Hormuz, with each side claiming that the other started the attack. In a post on Truth Social, Trump said there was no damage done to three Destroyer vessels, but "great damage" to Iranian boats. "We'll knock them out a lot harder, and a lot more violently, in the future, if they don't get their Deal signed, FAST!" he added.Trump told reporters that the ceasefire was still in effect. The US is still waiting for Iran's response to its proposal to end the war and postpone nuclear talks to a later date.Traders absorbed the latest round of earnings, with Enbridge (ENB) reporting lower Q1 adjusted earnings amid higher revenue and Brookfield Asset Management (BAM) posting increases in Q1 distributable earnings and revenue.Oil prices were largely unchanged, with front-month global benchmark North Sea Brent crude flat at $100.10 per barrel and US West Texas Intermediate crude also flat at $94.79 per barrel.The April national unemployment rate was reported at 4.3%, unchanged from the prior month and meeting estimates compiled by Bloomberg.The University of Michigan consumer sentiment index for May, slated for 10 am ET, is expected at 49.5, down from 49.8 previously.There will be a panel discussion featuring Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Christopher Waller, San Francisco Fed President Mary Daly, and Chicago Fed President Austan Goolsbee at 7:30 pm ET.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished flat. Meanwhile, the UK's FTSE 100 was down 0.1%, and Germany's DAX index was 0.9% lower in Europe's early afternoon session.In equities, Cloudflare (NET) shares fell 16% after the company said it expected to reduce its workforce by about 1,100 people as part of a planned restructuring, as well as incurring charges of $140 million to $150 million in connection with the plan. CoreWeave (CRWV) stock was down 6.1% after the company reported a wider-than-expected Q1 net loss. HubSpot (HUBS) shares dropped 24% after the company issued lower-than-expected Q2 revenue guidance.On the winning side, Sony (SONY) stock was up 2.9% after the company's subsidiary Sony Semiconductor Solutions and Taiwan Semiconductor Manufacturing (TSM) said they signed a non-binding memorandum of understanding to create a strategic partnership focused on developing and manufacturing next-generation image sensors. Eni (E) shares rose 2.6% after the company said the first tranche of its new share buyback program will be launched in the coming days. Earlier, Eni also said its Geliga-1 offshore Indonesia discovery delivered strong drill stem test results, confirming robust reservoir productivity.

Dow JonesNasdaq CompositeS&P 500$BAM$CRWV$E$ENB$HUBS$NET$SONY$TSM
Japan

US Equity Futures Gain Pre-Bell as Trump Says Ceasefire Still in Effect Despite Skirmish in Strait of Hormuz

US equity futures were edging higher pre-bell Friday as traders continued to monitor developments in the Middle East conflict, with the US and Iran exchanging fire but President Donald Trump saying that the ceasefire was still in effect.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.7% higher.The US and Iran traded fire in the Strait of Hormuz, with each side claiming that the other started the attack. In a post on Truth Social, Trump said there was no damage done to three Destroyer vessels, but "great damage" to Iranian boats. "We'll knock them out a lot harder, and a lot more violently, in the future, if they don't get their Deal signed, FAST!" he added.Trump told reporters that the ceasefire was still in effect. The US is still waiting for Iran's response on its proposal to end the war and postpone nuclear talks to a later date.Traders absorbed the latest round of earnings, with Enbridge (ENB) reporting lower Q1 adjusted earnings amid higher revenue and Brookfield Asset Management (BAM) posting increases in Q1 distributable earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $100.70 per barrel and US West Texas Intermediate crude 0.2% higher at $95.04 per barrel.The unemployment rate for April, scheduled for release at 8:30 am ET, is expected to remain unchanged at 4.3%, according to estimates compiled by Bloomberg. The University of Michigan consumer sentiment index for May, slated for 10 am ET, is expected at 49.5, down from 49.8 previously.There will be panel discussion featuring Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Christopher Waller, San Francisco Fed President Mary Daly and Chicago Fed President Austan Goolsbee at 7:30 pm ET.

Dow JonesNasdaq CompositeS&P 500$BAM$ENB
Wire

Market Chatter: OpenAI Forms $10 Billion AI Deployment Venture With Private Equity Backing

Microsoft (MSFT)-backed OpenAI has secured more than $4 billion from investors for a new joint venture valued at $10 billion to expand adoption of its artificial intelligence products, Bloomberg News reported Monday, citing a person with knowledge of the matter.The venture, dubbed The Deployment Company, is backed by 19 investors, including TPG (TPG), Brookfield Asset Management (BAM), and Bain Capital, the source reportedly said.OpenAI will retain majority ownership and control, according to the report.The initiative is intended to use investor networks, which include more than 2,000 portfolio companies and clients, to accelerate enterprise uptake of OpenAI's technology, Bloomberg quoted the source as saying.The development comes as OpenAI and Anthropic compete to grow enterprise sales of AI software ahead of potential public listings, Bloomberg reported.OpenAI, TPG, Brookfield and Bain did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $416.49, Change: $+2.30, Percent Change: +0.55%

$BAM$MSFT$TPG
Sectors

Sector Update: Financial Stocks Advance Thursday Afternoon

Financial stocks were higher Thursday afternoon, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.3%.The Philadelphia Housing Index was up 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1%.Bitcoin (BTC-USD) rose 0.6% to $76,227, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.39%.In economic news, the core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose to 3.2% year-on-year in March from 3%, meeting expectations. It climbed 0.3% month-over-month, down from the 0.4% reported in February.US economic growth, measured by gross domestic product, rose by 2.0% in Q1 after a 0.5% gain in Q4, slower than a 2.3% increase expected in a survey compiled by Bloomberg.US initial jobless claims fell to 189,000 in the week ended April 25 from an upwardly revised 215,000 in the previous week, against expectations for a rise to 212,000 in a Bloomberg survey.In sector news, the US Senate unanimously passed Thursday a rule prohibiting its members from trading on prediction markets, effective immediately, CNBC reported.In corporate news, KKR (KKR) is considering selling the Flora Food Group spreads business, seeking to strike a deal at a valuation of up to $10 billion, the Financial Times reported. KKR shares climbed 4.2%.Mastercard's (MA) Q1 results outpaced Wall Street's estimates, but the company said that the Middle East conflict was impacting spending on cross-border travel. Its shares fell 4.7%.Brookfield Asset Management (BAM) is preparing to file draft documents as early as May for an initial public offering of Indian telecommunications tower operator Altius Telecom Infrastructure Trust, Bloomberg reported. Brookfield shares rose 3.9%.

$BAM$KKR$MA

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