Advertisement
Australia markets closed
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • AUD/USD

    0.6537
    +0.0013 (+0.21%)
     
  • OIL

    84.36
    +0.79 (+0.95%)
     
  • GOLD

    2,354.80
    +12.30 (+0.53%)
     
  • Bitcoin AUD

    98,399.34
    +497.26 (+0.51%)
     
  • CMC Crypto 200

    1,389.03
    -7.51 (-0.54%)
     
  • AUD/EUR

    0.6093
    +0.0020 (+0.33%)
     
  • AUD/NZD

    1.0986
    +0.0028 (+0.26%)
     
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     
  • FTSE

    8,115.96
    +37.10 (+0.46%)
     
  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     
  • DAX

    18,057.07
    +139.79 (+0.78%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Why Blackstone Stock Rocketed Nearly 30% in January

Why Blackstone Stock Rocketed Nearly 30% in January

Shares of Blackstone (NYSE: BX) rallied 29.3% in January, according to data provided by S&P Global Market Intelligence. The leading alternative asset manager benefited from securing a major investment for its non-traded REIT, Blackstone Real Estate Income Trust (BREIT), which had been weighing on its stock following a surge in redemption requests. Blackstone also reported strong fourth-quarter results last month.