Shares of banks and other financial institutions ticked down as private-credit concerns subsided somewhat.
Retirement-savings firm Fidelity Investments said its operating income rose to $12.7 billion in 2025 after an extended market rally drew billions in new customer money into its investment accounts and funds.
Apollo Global Management recouped some losses incurred Friday after reports that one of the investment firm's funds wrote down the value of loans and cut its dividend.
Shares of U.K. bank Barclays continued to retreat amid worries about the collateral on loans they made to collapsed British firm Market Financial Solution.
Shares of Blue Owl, whose efforts to forestall withdrawals from one fund sparked the latest round of worries about the non-bank lending niche, continued their retreat.
"I still believe it's too early to tell" the extent of the private-credit issues, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. "I'm certainly not suggesting we sweep all this under the rug, and go whistle along and say 'everything's fine.' I'm currently not seeing any reason stay up all night worrying about it, either."
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-02-26 1715ET
