The S&P 500 and Nasdaq Composite are riding three-day losing streaks entering Wednesday’s session.
, claiming they were unable to benefit from the stock's recent gains because Musk failed to disclose his significant position in the social media company within the timeframe required by federal law. reported an adjusted quarterly profit of $9.
52 per share compared with the $8.75 consensus estimate. Revenue was essentially in line with forecasts. The asset manager was helped by a jump in inflows as assets under management rose to $9.57 trillion from just over $9 trillion a year earlier.
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