NEW YORK: Wall Street ended lower on Thursday, with losses in private equity companies and weakness in Walmart and Apple, while earnings-driven gains in industrials limited losses.
Private equity companies slid after Blue Owl Capital's decision to sell US$1.4 billion in assets and freeze redemptions at one of its funds to manage debt and return capital.
Apollo Global Management, Ares, KKR & Co and Carlyle Group all fell between 1.9% and 5.2% as Blue Owl's troubles added to recent worries
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