Stock Market Update

[BRIEFING.COM] The major averages remain little changed from previous levels as the afternoon progresses.

Asset managers are under pressure today after Bloomberg reported that Blue Owl Capital (OWL 8.48, -0.22, -2.58%) is limiting redemptions at two of its private credit funds after a significant uptick in withdrawal requests.

Though not a member of the S&P 500 itself, the Blue Owl headline weighs on peers such as Ares Management (ARES 102.02, -3.78, -3.58%) and Apollo Global Management (APO 106.96, -3.29, -2.98%), which are the worst performing components of the financials sector (+0.2%).