StepStone stock tumbles 12% as tariff fog and private-credit nerves rattle investors
StepStone shares fell 12.3% to $43.94 in premarket trading Tuesday, extending Monday’s sharp drop. The move follows rising private-credit defaults flagged by Morningstar DBRS and renewed market jitters over tariffs and AI disruption. StepStone manages $220 billion in assets and set a $0.28 dividend with a Feb. 27 record date.
