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Stock impact report

Stock Market Today, March 17: Blue Owl Capital Rises Though Private Credit Fears Linger [Yahoo! Finance]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: Yahoo! Finance
Blue Owl Capital (NYSE:OWL) , a specialty finance firm that's struggled as private-credit funds have come under scrutiny, closed Tuesday at $9.15, up 4.45%. There was no clear driver for today's gains, though wider sector gains could reflect a shift in sentiment. Trading volume reached 41.8 million shares, coming in about 57% above its three-month average of 26.6 million shares. Blue Owl Capital IPO'd in 2020 and has fallen 15% since going public. How the markets moved today The S&P 500 (SNPINDEX:^GSPC) added 0.25% to finish Tuesday at 6,716, while the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 0.47% to close at 22,480. Within alternative asset management, industry peers Ares Management (NYSE:ARES) closed up 6.57% at $105.67 Blackstone (NYSE:BX) gained 4.56% to finish at $112.00, reflecting broad strength across the group. What this means for investors Blue Owl Capital pared some of its gains today, but the stock has still dropped over 50% in the past year. A combination Show less Read more
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