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BlackRock stock set for cautious open after BLK slides 4.6% on tariff shock
21 January 2026
1 min read

BlackRock stock set for cautious open after BLK slides 4.6% on tariff shock

New York, Jan 21, 2026, 07:43 EST — Premarket

Shares of BlackRock, Inc. (BLK.N) grabbed attention before Wednesday’s open, following a 4.6% drop to $1,110.05 in the prior session amid a wider selloff in U.S. stocks.

These shifts carry weight since BlackRock stands as the globe’s largest asset manager, with its fees tied directly to assets under management—the cash it oversees for clients. Last week, the company reported closing 2025 with roughly $14 trillion in assets and a record-setting $698 billion in net inflows for the full year. BlackRock

It boosted its quarterly dividend by 10% and expanded its existing share buyback program. That’s a positive sign, but the markets are bearing most of the burden at the moment. A steep fall in asset prices could quickly erode the asset base. BlackRock

Wall Street took its biggest hit in three months on Tuesday after President Donald Trump warned of new tariffs on imports from several European nations, linking the threats to the U.S. push to acquire Greenland. The S&P 500 dropped 2.06%, while the Nasdaq lost 2.39%. Jamie Cox, managing partner at Harris Financial Group, said, “I’m not at the point yet … (this) is going to precipitate a correction.” Reuters

BlackRock snapped a five-day winning streak, underperforming several major financial peers like JPMorgan Chase, Morgan Stanley, and Wells Fargo, which also closed lower. The stock ended roughly 9% below its 52-week high, while volume topped its 50-day average, according to MarketWatch data. MarketWatch

Tariff news is fueling fresh debate over whether this recent market turbulence will last. “Global investors are taking these threats seriously,” said Jack Ablin, founding partner and chief investment strategist at Cresset Capital, as stocks, long-dated Treasuries, and the dollar all fell together. Reuters

BlackRock CEO Larry Fink dismissed bubble concerns about artificial intelligence at the World Economic Forum in Davos on Wednesday. “I think there will be big failures, but I don’t think we are in a bubble,” Fink said during a panel discussion, according to Business Insider. Business Insider

If tariff threats turn into actual policy and trigger a sharper sell-off in risk assets, BlackRock’s fee revenue might face strain despite steady client inflows. A sustained “risk-off” environment could also shift client preferences away from equity beta toward cash and shorter-duration bonds, potentially slowing revenue growth.

Markets are gearing up for the Federal Reserve’s policy meeting on Jan. 27-28, with the rate decision and press conference set for Wednesday, Jan. 28. Federal Reserve

Stock Market Today

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