Blue Owl Surges Most Since 2022 Amid Banks’ Private Credit Calm

Shares of Blue Owl Capital Inc. posted their biggest two-day gain since November 2022, as risk-on sentiment fueled a rally in stocks and Wall Street bank chiefs quelled fears around private credit.

Blue Owl shares surged about 17% in the past two days, closing at $9.92 on Wednesday. The stock had dropped to a record low on Friday, hammered by fears around the $1.8 trillion private credit market and its exposure to software.