Shares of banks and other financial institutions fell as traders hedged their bets ahead of key inflation data. A heated reading of July prices could lead markets to price in a rate hike in the coming months.
Private-credit firms are tightening lending standards, eschewing the formerly popular payment-in-kind clause that allowed corporate borrowers to delay interest payments. Shares of Blue Owl rose sharply after the private-credit specialist launched a bond offering.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 11, 2026 17:34 ET (21:34 GMT)
