New York, Jan 17, 2026, 16:04 (EST) — Market closed.
Shares of Blackstone Inc climbed 1.7% on Friday, ending at $163.50 after swinging between $160.65 and $165.14. Trading volume surged to around 4.1 million shares, compared to about 2.4 million the previous day, as the stock built on Thursday’s 1.3% rise.
This matters now since Blackstone offers one of the clearest public insights into private-market demand—covering buyouts, real estate, and private credit—just as investors scour early earnings and adjust to changing rate expectations.
Data centers are becoming increasingly central to the narrative. Positioned at the crossroads of real estate and infrastructure, they’ve remained one of the rare sectors where investors still highlight tight supply instead of oversaturation.
Reuters reported Thursday that Blackstone may pour as much as 4 billion euros ($4.65 billion) into a data center project in Lippetal, Germany, citing Handelsblatt sources. In December, President Jon Gray noted, “because of the constraints of power it’s still an attractive place to deploy capital.” Reuters
Data centers are massive facilities packed with servers for cloud computing and other intensive tasks. For Blackstone, they offer a way to keep active in real estate as offices and certain other property sectors lag behind.
As the weekend approached, peers showed mixed moves. KKR held steady, but Apollo dipped roughly 0.2%, and Carlyle dropped around 0.7%.
The broader tape was mixed. Wall Street’s main indexes closed Friday just a bit lower as traders absorbed new political chatter about the next Federal Reserve chair and awaited more corporate earnings. Ameriprise Financial’s chief market strategist, Anthony Saglimbene, described the markets as “flat-lining” amid the earnings season. Reuters
Treasury yields climbed alongside. The 10-year U.S. Treasury yield closed Friday at 4.24%, rising from 4.17% the previous day — a jump of seven basis points, with each basis point equal to 0.01 percentage point.
The U.S. market resumes trading Tuesday following the Martin Luther King Jr. Day holiday Monday. Investors now have less time to adjust ahead of upcoming earnings reports and economic data.
Real estate sentiment is shifting as well. According to The Wall Street Journal this week, Blackstone’s nontraded real estate fund BREIT delivered an 8.1% total return in 2025, marking its strongest performance in three years, boosted by gains from data centers.
The next move in the stock will depend on fundamentals: how quickly Blackstone can convert assets into cash profits, and if fundraising remains steady amid persistent high yields. Big data-center projects carry risks too — delays in permits, grid hookups, and securing customer contracts can all drag timelines out.
Blackstone’s Q4 and full-year 2025 earnings drop on Jan. 29 at 9:00 a.m. ET will be the next major trigger. Investors will zero in on updates about fundraising, realizations, and demand in real estate, private credit, and infrastructure.
