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Shares of BlackRock Inc. rallied Wednesday as Wall Street analysts basically brushed off investor concerns of a large client pulling more than $50 billion out of the investment-management giant.
The stock
BLK bounced 3.5% higher Wednesday and was among the S&P 500 index’s SPX top 10 gainers. On Tuesday, the stock had dropped 5.9% after earnings were reported, to mark the biggest one-day post-earnings selloff in at least five years, according to available FactSet data going back to July 2020.
This post was originally published on Market Watch
