1658 ET - Publicly traded private-equity firms were among the hardest-hit stocks amid a market selloff triggered by President Trump's latest tariff salvo, closing the week in the red and nearly unanimously erasing any gains so far this year, according to FactSet. The market shock was so pronounced that as of Friday's closing only a handful of PE stocks remained in the green over a 12-month basis. For example, Ares, whose stock set a trading record in January, on Thursday saw its largest one-day decline on record. On Friday, its stock hit a $113.28 52-week low before closing at $118.04, down 9.6% for the day and 10.6% over the past 12 months. (maria.armental@wsj.com; @mjarmental)
(END) Dow Jones Newswires
April 04, 2025 16:58 ET (20:58 GMT)
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