NEW YORK, December 29, 2025, 22:07 ET — Market closed
- BlackRock shares rose 0.03% to $1,088.40, holding steady as U.S. stocks ended lower in thin year-end trading. Reuters
- Treasury yields eased and investors turned to Federal Reserve minutes due Tuesday for clues on the 2026 rate path. Fidelity Fixed Income
- Before Tuesday’s session: Case-Shiller home prices, Chicago PMI and the $1,100 level on BLK are in focus. MarketWatch
BlackRock Inc shares edged up on Monday, ending nearly flat at $1,088.40 as Wall Street turned lower in holiday-thinned trading. Reuters
For BlackRock, modest moves in markets matter because they feed directly into assets under management (AUM) — the pool of client money it charges fees on. The firm oversees more than $13 trillion, Reuters has reported. Reuters
That sensitivity is in sharper focus into year-end, as traders re-price the interest-rate outlook ahead of the Federal Reserve’s December meeting minutes due on Tuesday. Shifts in rate expectations can swing risk appetite and portfolio values across equities and bonds — both key drivers for asset-manager fees. Reuters
The S&P 500 fell 0.35% on Monday and the Nasdaq dropped 0.50% as heavyweight technology shares retreated from last week’s gains, Reuters reported. Reuters
Hank Smith, director and head of investment strategy at Haverford Trust, said the tech pullback “it’ll turn out to be a buying opportunity.” Reuters
In rates markets, the 10-year Treasury yield slipped about two basis points — a basis point is one-hundredth of a percentage point — to around 4.114%, while the two-year yield was near 3.462%, Reuters reported. Fidelity Fixed Income
Yields eased after data showed pending home sales rose 3.3% in November, beating expectations for a 1.0% gain and reaching the strongest level since February 2023, the National Association of Realtors said. Mortgage rates averaged 6.18% for a 30-year fixed loan, near the lowest since fall 2024, Reuters reported. Reuters
Other listed U.S. asset managers were slightly weaker on the day, with State Street down about 0.4%, Invesco down 0.4% and T. Rowe Price off about 0.2%.
BlackRock’s stock often moves with broad market levels because fee revenue generally grows when AUM rises and clients add money, especially to large index and exchange-traded fund franchises. The firm has also pushed further into private markets, which can bring higher fees but introduces more valuation and performance-fee swings, Reuters has reported. Reuters
Before Tuesday’s session, investors will watch the Fed minutes and weekly jobless claims in what Reuters called an otherwise data-light week, with markets also set to close on Thursday for New Year’s Day. MarketWatch’s calendar shows the S&P Case-Shiller home price index and the Chicago PMI survey due Tuesday morning. Reuters
On company catalysts, Nasdaq data show BlackRock is estimated to report earnings around Jan. 21, putting net flows and fee-rate trends back at center stage early in the new year. Nasdaq
Technically, BlackRock traded between $1,083.16 and $1,092.05 on Monday, leaving the $1,100 area as a near-term psychological level for traders to watch.
