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Stock impact report

Blue Owl limits fund withdrawals, mortgage rates rise for fifth week [Yahoo! Finance]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: Yahoo! Finance
US stocks ( ^DJI ^GSPC ^IXIC ) begin the second quarter under pressure as concerns around private credit and higher mortgage rates weigh on sentiment. Blue Owl Capital ( OWL OBDC ) stock falls after the firm said it will limit redemptions from two of its largest private credit funds. Tesla ( TSLA ) stock drops after its first quarter deliveries miss Wall Street estimates. US mortgage rates rise for the fifth straight week. Video Transcript John Highland It's time for Yahoo Finance's market minute. I'm John Highland. John Highland I'm watching two companies today and those are Blue Owl and Tesla. John Highland And I want to kick it off with Blue Owl because the private credit fund has issued a letter to investors and shares are taking a leg lower after doing so, John Highland that it is limiting redemptions from two of its biggest private credit funds after an influx of redemption requests. John Highland This of course comes at a time when the industry as a Show less Read more
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