Financials Down as Private-Credit Fears Persist — Financials Roundup
Shares of banks and other financial institutions fell as private-credit worries persisted.
Shares of Blue Owl, Blackstone and other private-credit fund managers fell ahead of earnings from some firms next week.
Two loans over a billion dollars, one tied to software maker Medallia and the other to dental services firm Affordable Care, are defaulting, deepening pressure on private-credit funds in the already troubled corner of Wall Street.
Concerns about Federal Reserve independence subsided, meanwhile.
The Justice Department said it would end its criminal investigation of Federal Reserve Chair Jerome Powell, clearing the obstacle that has stalled Kevin Warsh's confirmation as his successor.
France's national weather service is investigating irregularities at a monitoring station at Paris Charles de Gaulle Airport after it reported anomalous temperature spikes, which may have allowed some traders on Polymarket, the crypto-based betting platform, to profit. The report heightened controversy about Polymarket because it came hard on the heels of revelations that a U.S. soldier was under investigation for allegedly profiting on insider knowledge of Venezuelan President Nicolas Maduro's ouster.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 24, 2026 17:49 ET (21:49 GMT)
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