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Wire

Anthropic, Blackstone-Backed Firm Acquires Fractional AI

The AI enterprise services firm backed by Blackstone (BX), Amazon-backed (AMZN) Anthropic, Hellman & Friedman and others said Thursday it has acquired Fractional AI, a San Francisco-based AI services company.Financial details of the acquisition were not provided.Fractional AI's team and capabilities will be the founding operational centerpiece of the new and still unnamed company, according to a statement.Price: $263.26, Change: $-1.75, Percent Change: -0.66%

$AMZN$BX
Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1.1%.The Philadelphia Housing Index was falling 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.2%.Bitcoin (BTC-USD) was decreasing 0.2% to $76,806, and the yield for 10-year US Treasuries rose 4.4 basis points to 4.667%.In economic news, US pending home sales increased more than expected last month as home buyers apparently shrugged off mounting economic uncertainty. The forward-looking indicator of home sales based on contract signings increased 1.4% month over month in April, the National Association of Realtors said Tuesday. Analysts expected a 1% gain, according to a survey compiled by Bloomberg.In corporate news, Hanover Insurance (THG) shares fell 2.2% after BMO downgraded the company's stock to market perform from outperform.Blackstone (BX) shares were down 2.3% after Bloomberg reported Tuesday the company has dropped out of a consortium exploring a takeover of German media group Stroeer. Separately, Blackstone said late Monday it is forming a US-based joint venture with Alphabet's (GOOGL) Google to provide AI-focused data center capacity and cloud computing services. Blackstone said it will invest $5 billion in equity initially for the JV, which plans to bring its first 500 megawatts of capacity online in 2027 and expand further over time.Blue Owl (OWL) Co-Founder Doug Ostrover is selling his stake in the NFL's Washington Commanders back to the Josh Harris-led ownership group, Bloomberg reported. Blue Owl shares fell 1%.Lloyds Banking (LYG) is preparing to expand its US infrastructure financing business, including lending tied to the fast-growing data center sector, the Financial Times reported. The UK lender is aiming to build a US infrastructure bank focused on large construction projects and sectors such as green energy, while supporting UK corporate clients with US operations, the report said. Lloyds shares were fractionally lower.

$BX$LYG$OWL$THG
Wire

Sector Update: Financial Stocks Lower Tuesday Afternoon

Financial stocks declined in Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.5%.The Philadelphia Housing Index was falling 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) was fractionally lower at $76,933, and the yield for 10-year US Treasuries was up 3 basis points at 4.65%.In economic news, US pending home sales increased more than expected last month as home buyers apparently shrugged off mounting economic uncertainty. The forward-looking indicator of home sales based on contract signings increased 1.4% month over month in April, the National Association of Realtors said Tuesday. Analysts expected a 1% gain, according to a survey compiled by Bloomberg.In corporate news, Blackstone (BX) shares were down 1.3% after Bloomberg reported Tuesday the company has dropped out of a consortium exploring a takeover of German media group Stroeer. Separately, Blackstone said late Monday it is forming a US-based joint venture with Alphabet's (GOOGL) Google to provide AI-focused data center capacity and cloud computing services. Blackstone said it will invest $5 billion in equity initially for the JV, which plans to bring its first 500 megawatts of capacity online in 2027 and expand further over time.Lloyds Banking (LYG) is preparing to expand its US infrastructure financing business, including lending tied to the fast-growing data center sector, the Financial Times reported. The UK lender is aiming to build a US infrastructure bank focused on large construction projects and sectors such as green energy, while supporting UK corporate clients with US operations, the report said. Lloyds shares rose 0.9%.Blue Owl (OWL) Co-Founder Doug Ostrover is selling his stake in the NFL's Washington Commanders back to the Josh Harris-led ownership group, Bloomberg reported. Blue Owl edged up 0.1%.

$BX$LYG$OWL
Sectors

Sector Update: Financial

Financial stocks declined in Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.5%.The Philadelphia Housing Index was falling 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) was fractionally lower at $76,933, and the yield for 10-year US Treasuries was rising 3.2 basis points to 4.65%.In corporate news, Blackstone (BX) shares were down 0.7% after Bloomberg reported Tuesday the company has dropped out of a consortium exploring a takeover of German media group Stroeer. Separately, Blackstone said late Monday it is forming a US-based joint venture with Alphabet's (GOOGL) Google to provide AI-focused data center capacity and cloud computing services. Blackstone said it will invest $5 billion in equity initially for the JV, which plans to bring its first 500 megawatts of capacity online in 2027 and expand further over time.

$BX
Wire

Market Chatter: Blackstone Exits Investor Group Exploring Stroeer Takeover

Blackstone (BX) dropped out of a consortium exploring a takeover of German media group Stroeer, Bloomberg reported Tuesday, citing people familiar with the matter.The investor group, which includes I Squared, was mulling a 2.5 billion euro ($2.9 billion) bid, the report said.I Squared is reviewing its strategy, and there is no certainty that the consortium will proceed with an offer, the report said.Blackstone did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $115.74, Change: $-1.30, Percent Change: -1.11%

$BX
Wire

Top Midday Stories: Home Depot Earnings Top Estimates; Blackstone, Google Form AI Data Center Joint Venture

All three major US stock indexes were down in late-morning trading Tuesday, as the 30-year Treasury yield hit its highest level in almost 19 years.The North Atlantic Treaty Organization is considering helping ships pass through the Strait of Hormuz if it doesn't get unblocked by early July, Bloomberg reported Tuesday, citing a senior official in the military alliance. Several NATO members support the idea, but it doesn't have the necessary unanimous support yet, the report said, citing a diplomat from a NATO country.In company news, Home Depot (HD) reported fiscal Q1 adjusted earnings Tuesday of $3.43 per diluted share, down from $3.56 a year earlier but above the FactSet consensus analyst estimate of $3.41. Fiscal Q1 net sales were $41.77 billion, up from $39.86 billion a year ago and above the FactSet consensus of $41.59 billion. For fiscal 2026, the company said it expects adjusted EPS growth of about flat to 4% from $14.69 in fiscal 2025. Analysts polled by FactSet expect $15.01. The company also said it expects full-year sales growth of 2.5% to 4.5%. Home Depot shares were up 0.5% around midday.Blackstone (BX) said late Monday it's forming a US-based joint venture with Alphabet's (GOOG, GOOGL) Google to provide AI-focused data center capacity and cloud computing services powered by Google's Tensor processing units. Blackstone will invest $5 billion in equity initially for the JV, which plans to bring its first 500 megawatts of capacity online in 2027 and expand further over time, the private equity giant said. Google will provide TPU hardware, software and related services, Blackstone said. Blackstone shares were down 1.5%, while Alphabet's Class C and Class A shares were down 2.3% and 2.5%, respectively.Meta Platforms (META) is moving 7,000 workers into new AI-focused roles as part of a broader restructuring that also includes planned job cuts later this week, Bloomberg reported late Monday, citing an internal memo. The layoffs, which are expected to impact 10% of Meta employees, are expected to get underway on Wednesday, Reuters reported late Monday, citing an internal memo. Meta shares were down 1.1%.Blue Owl (OWL) Co-Founder Doug Ostrover is selling his stake in the NFL's Washington Commanders back to the Josh Harris-led ownership group, Bloomberg reported Tuesday, citing people with knowledge of the matter. Blue Owl shares were down 1.1%.Price: $301.28, Change: $+1.47, Percent Change: +0.49%

$BX$GOOG$GOOGL$HD$META$OWL
Wire

Top Midday Stories: Semiconductor Stocks Down After Trump-Xi Summit; Microsoft Gets Investment From Ackman

All three major US stock indexes were down while US Treasury yields were up in late-morning trading Friday, as investors consider developments from President Donald Trump's summit with Chinese President Xi Jinping.In company news, major semiconductor shares were down after the US-China summit failed to produce any major semiconductor agreements, Yahoo Finance reported. President Trump said China has not approved purchases of Nvidia's (NVDA) H200 AI microchips yet because "they want to develop their own," Bloomberg reported Friday. Nvidia shares were over 3% lower, and Advanced Micro Devices (AMD), Intel (INTC) and ASML (ASML) shares were down 3.3%, 6.3% and 4.6%, respectively.Bill Ackman said Friday on X that his hedge fund, Pershing Square, has made a significant investment in Microsoft (MSFT). Microsoft shares were up 3.5%.Applied Materials (AMAT) reported fiscal Q2 adjusted earnings late Thursday of $2.86 per diluted share, up from $2.39 a year ago, and above the FactSet consensus estimate of $2.68. Revenue was $7.91 billion, up from $7.10 billion a year ago, and above the FactSet consensus of $7.68 billion. For fiscal Q3, the company said it expects adjusted EPS of $3.16 to $3.56 on revenue of $8.45 billion to $9.45 billion. Analysts expect $2.89 and $8.14 billion, respectively. The firm expects its semiconductor equipment business to grow more than 30% in 2026, up from its previous guidance of over 20%, according to the transcript of the company's earnings call. Applied Materials shares were little changed.Shares of Cerebras Systems (CBRS) were down 4% Friday after rising over 98% in the previous day following its Nasdaq debut.Blackstone (BX) and CD&R are in the preliminary stages of exploring offers to acquire Magnum Ice Cream (MICC), Reuters reported Friday, citing sources familiar with the matter. Blackstone shares were down 3.0%, while Magnum was up 9%.Price: $227.99, Change: $-7.75, Percent Change: -3.29%

$AMAT$AMD$ASML$BX$CBRS$INTC$MICC$MSFT$NVDA$STM
Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Friday

Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1.3% lower.Magnum Ice Cream (MICC) shares were up more than 12% after Reuters reported that Blackstone (BX) and Clayton, Dubilier & Rice are in the early stages of considering bids for the company.H World Group (HTHT) stock was down 0.9% even after the company posted higher Q1 adjusted earnings and revenue.Walmart (WMT) has asked Flipkart to delay its initial public offering plans to focus on achieving EBITDA breakeven before the end of fiscal 2027, Moneycontrol reported, citing unnamed sources having knowledge of the matter. Walmart shares were 0.6% higher premarket.

$BX$HTHT$MICC$WMT$XLP$XLY
Sectors

Sector Update: Consumer

Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1.3% lower.Magnum Ice Cream (MICC) shares were up more than 10% after Reuters reported that Blackstone (BX) and Clayton, Dubilier & Rice are in the early stages of considering acquisition bids for the company.

$BX$MICC
Asia Markets

US Equity Futures Fall Pre-Bell as US-China Summit Ends With No Significant Policy Developments

US equity futures were falling pre-bell Friday as traders noted that the summit between President Donald Trump and Chinese President Xi Jinping ended with no significant policy developments.Dow Jones Industrial Average futures were 0.9% lower, S&P 500 futures were down 1.2%, and Nasdaq futures were 1.7% lower.The two world leaders agreed that the Strait of Hormuz should remain open, according to a US readout from a White House official. Trump said that China agreed to 200 planes from Boeing (BA), with the promise to buy 750 "if they do a good job with the 200." Details of the agreement were not immediately available, including when and which type of jets would be delivered, but the initial figure was smaller than 500-plane package expected by investors.Traders also digested the latest round of earnings, with Applied Materials (AMAT) posting higher fiscal Q2 earnings and revenue late Thursday.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.5% at $108.34 per barrel and US West Texas Intermediate crude 3.2% higher at $104.43 per barrel.The New York Federal Reserve's Empire State manufacturing index rose to 19.6 in May from 11.0 in April, compared with expectations of a decrease to a reading of 7.2 in a survey compiled by Bloomberg.The April industrial production report, due at 9:15 am ET, is forecast to show a 0.3% increase following a 0.5% decline in the prior month.In other world markets, Japan's Nikkei closed 2% lower, Hong Kong's Hang Seng ended 1.6% lower, and China's Shanghai Composite finished 1% lower. Meanwhile, the UK's FTSE 100 was down 2%, and Germany's DAX index was 2% lower in Europe's early afternoon session.In equities, Nvidia (NVDA), Micron Technology (MU), and Taiwan Semiconductor Manufacturing (TSM) were part of broader technology stock sell-offs as traders took profits after the group saw sharp gains of late. Nvidia shares were 3% lower, Micron stock was down 4.2%, and Taiwan Semiconductor shares fell 3%.On the winning side, Toyota Motor (TM) shares were up 1.7% after the company sought approval to build a new vehicle assembly line at its manufacturing plant in Texas as part of a $2 billion expansion, according to a Reuters report citing a filing. Figma (FIG) stock was up 7.2% after the company posted higher Q1 adjusted earnings and revenue that beat analysts' estimates. Magnum Ice Cream (MICC) shares rose over 11% after Reuters reported that Blackstone (BX) and Clayton, Dubilier & Rice are in the early stages of considering bids to acquire the company.

Dow JonesNasdaq CompositeS&P 500$AMAT$BA$BX$FIG$MICC$MU$NVDA$TM$TSM
Wire

Update: Market Chatter: Magnum Ice Cream Shares Rise as Blackstone, CD&R Weigh Bids for Company

(Updates to include the stock movement in the headline, the first paragraphs.)Magnum Ice Cream (MICC) shares rose over 16% in recent premarket trading after reports that Blackstone (BX) and Clayton, Dubilier & Rice are in the early stages of considering bids for the company, Reuters reported Friday, citing unnamed sources familiar with the matter.The private equity firms are monitoring the company's share price and awaiting summer performance data before making a decision, the news outlet reported, citing the sources.Magnum is also attracting interest from other buyout group, as prospective investors view the producer as a turnaround candidate that could increase profitability through cost reductions, the report said.Blackstone, CD&R and Magnum Ice Cream did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $17.56, Change: $+2.54, Percent Change: +16.91%

$BX$MICC
Sectors

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks rose late Thursday afternoon trading, with the NYSE Financial Index increasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.7%.The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) gained 2.7% to $81,396, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.46%.In economic news, retail sales in April rose for the third straight month, with analysts saying the increase largely reflected higher prices as the war in Iran kept fuel costs elevated. Sales rose 0.5% in April following a revised 1.6% gain in March, the Census Bureau reported Thursday, matching the consensus in a survey compiled by Bloomberg.In corporate news, Assurant (AIZ) shares climbed 3.9% after Morgan Stanley upgraded the stock to overweight from equal weight, and raised its price target to $285 from $240.Klarna (KLAR) shares surged 19% after the company posted a narrower net loss and higher revenue for Q1.Interactive Brokers (IBKR) is launching a platform that enables investors to trade contracts across all three prediction market exchanges from a single platform. The clients can access the combined liquidity of ForecastEx, CME Group (CME), and Kalshi and receive the best available net price. Interactive Brokers shares rose 3.8%.Blackstone (BX) owned data center operator AirTrunk is seeking a $2.3 billion syndicated loan to fund the development of its AirTrunk JHB2 facility in Malaysia's Johor state, Bloomberg reported. Blackstone shares added 2.5%.

$AIZ$BX$IBKR$KLAR
Wire

Blackstone Digital Infrastructure Trust Shares Fall in NYSE Debut

Blackstone Digital Infrastructure Trust (BXDC) shares fell 1.6% in Thursday trading in their debut on the New York Stock Exchange after the company priced its initial public offering of 87.5 million shares at $20 each.Blackstone Digital Infrastructure is externally managed by a Blackstone (BX) affiliate. The IPO is set to close Friday.Price: $19.69, Change: $-0.31, Percent Change: -1.55%

$BX$BXDC
Sectors

Sector Update: Financial Stocks Advance Thursday Afternoon

Financial stocks were higher Thursday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.6%.The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.4%.Bitcoin (BTC-USD) gained 2.6% to $81,414, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4.45%.In economic news, retail sales in April rose for the third straight month, with analysts saying the increase largely reflected higher prices as the war in Iran kept fuel costs elevated. Sales rose 0.5% in April following a revised 1.6% gain in March, the Census Bureau reported Thursday, matching the consensus in a survey compiled by Bloomberg.In corporate news, Klarna (KLAR) shares jumped 15% after the company posted a narrower net loss and higher revenue for Q1.Interactive Brokers (IBKR) is launching a platform that enables investors to trade contracts across all three prediction market exchanges from a single platform. The clients can access the combined liquidity of ForecastEx, CME Group (CME), and Kalshi and receive the best available net price. Interactive Brokers shares rose 3.3%.Blackstone (BX) owned data center operator AirTrunk is seeking a $2.3 billion syndicated loan to fund the development of its AirTrunk JHB2 facility in Malaysia's Johor state, Bloomberg reported. Blackstone shares added 2.3%.

$BX$IBKR$KLAR
Sectors

Sector Update: Financial Stocks Fall Wednesday

Financial stocks fell Wednesday with the NYSE Financial Index dropping 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1.1%.The Philadelphia Housing Index declined 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) lost 0.8%.Bitcoin (BTC-USD) fell 1.2% to $79,517, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.48%.In economic news, the US producer price index for April rose 1.4%, the fastest pace in four years, after a 0.7% gain in March, according to the Bureau of Labor Statistics. The increase topped the 0.5% gain expected in a Bloomberg poll.In corporate news, Two Harbors Investment (TWO) said its board rejected a revised unsolicited takeover proposal from UWM (UWMC), saying the bid was inferior to its existing merger agreement with CrossCountry Mortgage. Two Harbors shares fell 1.1%, and UWM dropped 4.3%.Wells Fargo (WFC) shares fell 2.2%. The company is marketing investment-grade bonds in as many as three parts, with maturities between three and six years, Bloomberg reported.Blackstone (BX) has withdrawn from talks for a proposed $4 billion deal involving New World Development after negotiations broke down over control of the company, Bloomberg reported. Blackstone shares fell 2.3%.JPMorgan Chase (JPM) reshuffled leadership in its investment-banking unit amid a rebound in global dealmaking activity, according to media reports. JPMorgan shares fell 1.5%.

$BX$JPM$TWO$UWMC$WFC
Sectors

Sector Update: Financial Stocks Decline Wednesday Afternoon

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1%.The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.7%.Bitcoin (BTC-USD) was declining 1.4% to $79,278, and the yield for 10-year US Treasuries was rising 2 basis points to 4.48%.In economic news, the US Producer Price Index rose 1.4% in April from a 0.7% gain in March, according to the Bureau of Labor Statistics, beating the 0.5% increase expected in a Bloomberg poll. After excluding food and energy prices, core PPI surged 1.0% from 0.2%, above the 0.3% advance anticipated.In corporate news, Wells Fargo (WFC) shares were down 1.7%. The company is marketing investment-grade bonds in as many as three parts, with maturities between three and six years, Bloomberg reported.Blackstone (BX) has withdrawn from talks for a proposed $4 billion deal involving New World Development after negotiations broke down over control of the company, Bloomberg reported. Blackstone shares fell 2.4%.JPMorgan Chase (JPM) has appointed global head of investment banking coverage Dorothee Blessing, global head of capital markets Kevin Foley and financial institutions group co-head Jared Kaye as co-heads of global investment banking, according to media reports. JPMorgan shares were down 1.1%.

$BX$JPM$WFC
Sectors

Sector Update: Financial Stocks Fall Pre-Bell Wednesday

Financial stocks were falling pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining 0.5%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1.5%.Aon (AON) expanded its Aon Claims Copilot platform globally, now available in North America, Asia Pacific, and several countries in Europe, Middle East, and Africa, the company said. Shares of Aon were 0.7% lower premarket.Sumitomo Mitsui Financial Group (SMFG) shares were up nearly 2% after the company reported higher fiscal 2026 earnings and ordinary income.Blackstone (BX) has withdrawn from talks for a proposed $4 billion transaction involving New World Development after negotiations broke down over control of the company, Bloomberg News reported, citing people familiar with the matter. Blackstone shares were marginally advancing premarket.

$AON$BX$FAS$FAZ$SMFG$XLF
Commodities

VoltaGrid Secures $1 Billion From Blackstone, Halliburton; Agrees to Acquire Propell Energy

VoltaGrid, a Texas-based energy management and generation company, Monday said it has inked a deal for strategic equity investments amounting to $1 billion from funds managed by Blackstone's (BX) Blackstone Tactical Opportunities and Halliburton (HAL).The investments are in the form of a $775 million primary capital raise and a $225 million secondary purchase from existing investors, the company said in a statement.Proceeds from the new funding will be used to "accelerate deployment of VoltaGrid's behind-the-meter power generation solutions for data centers, microgrids, and industrial applications," the statement said.VoltaGrid has also entered into an agreement to acquire Propell Energy Technology and its affiliates, a key supplier to the company and a partner in the manufacturing of its high-inertia QPac system developed for AI data centers, the company said.The company expects the acquisition to help lower execution risks across its about 7.5 gigawatt order book between now and 2030 by strengthening supply chain access and control.As part of the deal, Propell's existing facilities in Granbury, Texas will be expanded to include two additional next-generation automated manufacturing plants, which are expected to increase its capabilities by about 300 megawatts per month of capacity.Both the deals are expected to close in the mid of this year, subject to customary closing conditions.

$BX$HAL
Sectors

Sector Update: Financial Stocks Fall Monday

Financial stocks fell Monday with the NYSE Financial Index declining 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.1%.The Philadelphia Housing Index shed 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.4%.Bitcoin (BTC-USD) added 0.7% to $81,990, and the yield for 10-year US Treasuries rose 4.6 basis points to 4.41%.In economic news, the pace of US existing home sales increased 0.2% to a 4.02 million seasonally adjusted annual rate in April from 4.01 million in March, below the expectations for a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors showed.In corporate news, Brookfield Asset Management (BAM) plans to invest $500 million in OpenAI Deployment Co. Brookfield shares fell 1.7%.Blackstone's (BX) real estate debt arm, Blackstone Real Estate Debt Strategies, launched a lending platform to provide capital and flexibility to US homebuilders, aiming to support construction of over 50,000 for-sale homes annually. Blackstone shares declined 1.9%.Apollo Global Management (APO) said its managed funds agreed to buy Emerald Holding (EEX) and Questex to form a combined business events platform. Separately, Apollo is in discussions with potential buyers to sell its MidCap Financial Investment (MFIC) business development company, the Wall Street Journal reported. Apollo values the business at about $3 billion, the report said. Apollo shares fell 2.1%, and MidCap Financial Investment dropped 5.2%.

$APO$BAM$BX$MFIC
Sectors

Sector Update: Financial Stocks Mixed Monday Afternoon

Financial stocks were mixed in Monday afternoon trading with the NYSE Financial Index dropping 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) edging up 0.1%.The Philadelphia Housing Index shed 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.3%.Bitcoin (BTC-USD) fell 0.7% to $81,616, and the yield for 10-year US Treasuries rose 4.2 basis points to 4.406%.In economic news, the pace of US existing home sales increased 0.2% to a 4.02 million seasonally adjusted annual rate in April from 4.01 million in March, below the expectations for a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors showed.In sector news, the White House is reviewing a plan for the US Securities and Exchange Commission to end the so-called gag rule that lets companies and people settle enforcement actions without admitting wrongdoing if they vow not to dispute the allegations, Bloomberg reported.In corporate news, Blackstone's (BX) real estate debt arm, Blackstone Real Estate Debt Strategies, launched a lending platform to provide capital and flexibility to US homebuilders, aiming to support construction of over 50,000 for-sale homes annually. Blackstone shares fell 1.5%.Apollo Global Management (APO) said its managed funds agreed to buy Emerald Holding (EEX) and Questex to form a combined business events platform. Separately, Apollo is in discussions with potential buyers to sell its MidCap Financial Investment (MFIC) business development company, the Wall Street Journal reported. Apollo values the business at about $3 billion, the report said. Apollo shares fell 1.5%, and MidCap Financial Investment dropped 3.5%.Brookfield Asset Management (BAM) is well positioned heading into its fundraising cycle, with its private equity and infrastructure flagships, along with 60 fundraising strategies driving an estimated $150 billion in fundraising in 2026, RBC Capital Markets said. Brookfield shares fell 1.5%.

$APO$BAM$BX$MFIC

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