US stock asset management companies’ share prices plunge as negative credit events intensify risk aversion

格隆汇2026/03/06 15:45

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Gelonghui, March 6th｜US stock asset management companies and bank stocks plummeted on Friday, as a series of negative private credit events sparked new concerns in the market about the health of the industry. BlackRock fell more than 5%, Ares Management dropped 6.3%, KKR & Co Inc declined 6.3%, Blue Owl fell 6%, Blackstone dropped 5.6%, Apollo Global Management fell 5.5%, Jefferies Financial Group dropped more than 10%, and Western Alliance fell 13%. The KBW Bank Index fell more than 4%.

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Kevin Hassett, Director of the White House National Economic Council, stated that the recent substantial decline in technology stocks does not indicate a comprehensive sell-off risk for the AI industry. He acknowledged that some enterprises are indeed burdened with significant debt, which warrants attention. However, he also pointed out that there are many financially strong companies within the industry that hold both equity and debt in related firms; these companies may be poised to acquire or provide funding support when opportunities arise.

华尔街见闻•2026/11/02 20:01