S&P 500 index dips as private credit risks escalate

CryptoNews. · 2026-02-27T15:47:58+00:00

The S&P 500 Index fell over 0.6% due to concerns in the private credit industry and strong producer price index data. Major stocks like Blue Owl and Apollo dropped significantly, while geopolitical tensions contributed to market declines.

CryptoNews.

2026-02-27 15:47:58

Abstract generation in progress

The S&P 500 Index retreated by over 0.6% on Friday, continuing a retreat that started on Thursday as market participants reacted to the latest NVIDIA earnings.

Summary

The S&P 500 Index retreated by over 0.50% on Friday.
Jitters in the booming private credit industry accelerated.
The US published a strong producer price index report.

The blue-chip index, which tracks the biggest companies in the United States, dropped to $6,857, down substantially from the year-to-date high of $7,010.

Other stock indices like the Nasdaq 100, Dow Jones, and the Russell 2000 declined by over 1%

S&P 500 Index chart | Source: crypto.newsThe decline happened as concerns about the $1.8 trillion private credit industry escalated. These concerns started earlier this month after Blue Owl, a company with over $300 billion in assets under management, sent shockwaves in the broader market.

Blue Owl sold a private credit portfolio and announced measures to limit redemption by its investors. This move was an escalation to what happened last year when the company attempted to merge a private and public fund.

The crisis escalated this week after a fund managed by Apollo Asset Management slashed its dividend in a bid to preserve cash as defaults rose

As a result, top private credit and equity companies like Blue Owl, Apollo, Ares, and Blackstone continued falling. Blue Owl stock dropped by over 4.3%, bringing its three-month decline to 25%.

Apollo Global Management’s stock dropped by over 7%, while Ares fell by over 6%. Blackstone and KKR stocks also continued falling.

The S&P 500 Index also dropped as odds of a US attack on Iran jumped after Israel’s embassy asked non-essential staff to leave. As a result, airline stocks like United Airlines, Delta Airlines, and American Airlines were among the top laggards in the S&P 500 Index.

Additionally, the index retreated after the US published strong producer price index (PPI) data

The report showed that the headline PPI rose by 2.9% in January, while the core PPI moved to 3.6%. These numbers mean that the Federal Reserve may find it difficult to cut interest rates in the coming meetings.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.