Stock Market Update
11-Mar-26 12:05 ET
Asset managers once again under pressure
Dow -509.76
at 47195.64,
Nasdaq -59.33
at 22637.79,
S&P -31.01
at 6752.46
[BRIEFING.COM] The major averages continue to chart session lows at midday.
The financials sector (-1.4%) is now the worst-performing S&P 500 sector, with asset manager names such as Ares Management (ARES 102.16, -6.52, -6.00%) and Apollo Global Management (APO 103.68, -4.49, -4.15%) once again under pressure. Financial Times reported that JPMorgan Chase (JPM 285.29, -3.44, -1.19%) has marked down the value of some private credit group loan portfolios.
