Blackstone Stock Falls To 52-Week Low: Here's Why

robot
Abstract generation in progress

Blackstone (BX) shares are down and hit a new 52-week low after Morgan Stanley restricted withdrawals from one of its private-credit funds, intensifying fears of contagion in the $2 trillion private-credit market. This follows Blackstone’s own earlier surge in redemption requests for its BCRED fund. Concerns are also rising due to AI-related credit risks impacting software companies, a major borrower group in private credit, with JPMorgan already marking down some software-linked loans and tightening lending in the sector.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin