BlackRock, the world’s largest asset manager, saw its stock plummet 6% on Tuesday despite beating Wall Street’s earnings expectations. The firm’s shares fell behind the broader market, as the S&P 500 rose by 0.25%. This move marked BlackRock’s worst performance in the S&P 500 since early April, when US tariffs led to a decline in the market.
Source: https://www.barrons.com/livecoverage/wells-fargo-jp-morgan-morgan-stanley-blackrock-bny-mellon-earnings/card/blackrock-s-stock-is-worst-performer-in-s-p-500-after-earnings-1XZqC10hjSFX8CNtRZDv