Shares of Apollo Global Management and Ares Management dropped after private-credit funds the firms managed disclosed receiving more than double the redemption requests that the funds were willing to honor.
Investors who are anxious about the struggling stock market amid the Iran conflict have good reason to worry, as they're contending with all three of the primary causes of particularly bad years since 1928, according to DataTrek Research.
Stocks and bonds are rising on bets the Fed has ended its interest-rate increases, worrying investors who believe the central bank could upend those expectations later this year.
