Stocks Analysis by Investing.com (Günay Caymaz) covering: S&P 500, Blackstone Group Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
) experienced a notable 4% surge. This momentum has not waned, as the stock has continued to climb, shifting from its previous range around $104 to a robust $108.
This decline began as speculation emerged about the Federal Reserve's intention to start raising interest rates in November 2021. It's worth noting that the company's 5-year beta is close to 1.5, indicating that it can react swiftly to broader market recoveries.
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