Stock market anomaly | T. Rowe Price Group (TROW.US) surges more than 8% with $1 billion investment from Goldman Sachs, partnering to expand private equity market business.

According to the The Rise Financial News App, on Thursday, T. Rowe Price Group (TROW.US) rose more than 8%, reaching $114.06 per share. On the news front, Goldman Sachs will invest up to $1 billion in T. Rowe Price Group and collaborate with the asset management company to sell private market products to retail investors. According to the statement, Goldman Sachs will accumulate up to 3.5% of T. Rowe Price Group's shares through "a series of public market purchases", making the Wall Street powerhouse one of the top five shareholders of T. Rowe Price Group. This will also be Goldman Sachs' only investment in an external asset management company.