T. Rowe Price stock sheds 2.39% in broad market decline
Updated
Updated · MarketWatch · May 7
T. Rowe Price stock sheds 2.39% in broad market decline
10 articles · Updated · MarketWatch · May 7
The shares closed at $103.59 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow Jones Industrial Average dropped 0.63% to 49,596.97.
The decline ended a two-day winning streak and left the stock 12.38% below its 52-week high of $118.22 reached on 4 September.
Among peers, State Street fell 1.63%, Ares Management lost 0.57%, and Raymond James dropped 3.66%, leaving T. Rowe Price's performance mixed versus competitors.
With markets driven by a few tech giants, are traditional finance stocks facing a permanent structural disadvantage?
Can T. Rowe Price's pivot to alternatives and ETFs reverse its years of sluggish earnings growth?
As geopolitical risks and inflation rise, how vulnerable is the asset management industry to a major market correction?