Prudential, MetLife Gain as Senate Eases Dodd-Frank Law
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Prudential Financial Inc. and MetLife Inc. rallied after the Senate approved a bill that gives Federal Reserve regulators more flexibility in how they apply capital rules to the biggest U.S. life insurers.
Prudential climbed 2.4 percent to $88.09 at 4:01 p.m. in New York. MetLife jumped 3 percent, the biggest gain in the 83-company Standard and Poor’s 500 Financials Index.