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-0.000149164677804372 0.000596658711217065 -0.000596658711217277 -0.00507159904534611 -0.00477326968973758 -0.00477326968973758 -0.00477326968973758 -0.00477326968973758
Stock impact report

REUTERS SUMMIT-Even after sell-off, Blackstone's Wien avoids gloom on U.S. stocks [Reuters (UK)]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: Reuters
Even after sell-off, Blackstone's Wien avoids gloom on U.S. stocks | Reuters 3 Min Read NEW YORK (Reuters) - U.S. stocks have been battered over the last few weeks but a senior executive at Blackstone Group LP, one of the world’s most influential asset managers, said there is no cause to be overly worried about next year. “The market is getting oversold,” Byron Wien, vice chairman of the Blackstone Group’s Private Wealth Solutions Group, told the Reuters Global Investment 2019 Outlook Summit in New York on Tuesday. Yet he added, “I am not that pessimistic about next year.” Speaking a day after the S&P; 500 Index slid around 2 percent when worries about technology companies pulled most everything else lower too, Wien offered an explanation for the recent pullback and a modestly soothing outlook. The S&P; is up only slightly for the year. “Markets thrive on liquidity and we are siphoning it off (through the Federal Reserve’s interest rate tightening),” he said, adding, “that’s a cloud h Show less Read more
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