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Shares of BlackRock Inc. BLK rallied 1.99% to $600.37 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.92% to 3,863.16 and the Dow Jones Industrial Average DJIA rising 2.15% to 31,288.26. The stock's rise snapped a five-day losing streak. BlackRock Inc. closed $372.79 below its 52-week high ($973.16), which the company achieved on November 12th.
The stock underperformed when compared to some of its competitors Friday, as Bank of America Corp. BAC rose 7.04% to $32.25, INVESCO Ltd. IVZ rose 3.70% to $16.24, and Affiliated Managers Group Inc. AMG rose 3.29% to $116.59. Trading volume (1.0 M) eclipsed its 50-day average volume of 970,113.
Data source: Dow Jones Market Data, FactSet. Data compiled July 15, 2022.
(END) Dow Jones Newswires
July 15, 2022 16:40 ET (20:40 GMT)
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