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BLK BlackRock Inc

815.70
0.00 (0.00%)
16 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BlackRock Inc NYSE:BLK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 815.70 0 01:00:00

BackRock's Fink: Market Undergoing `Old Fashioned Correction' -Bloomberg TV

05/02/2014 5:11pm

Dow Jones News


BlackRock (NYSE:BLK)
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U.S. markets are undergoing an "old-fashioned" correction and the Federal Reserve should have ample room to continue reducing its bond-buying program despite the recent volatility, BlackRock Inc. Chief Executive Laurence Fink said Wednesday.

"It's an old-fashioned correction," Mr. Fink said in an interview on Bloomberg Television. "We've come a long way and we just need to recalibrate ourselves." Long-term investors with BlackRock, he said, have not changed their behavior. The recent volatility in markets, he said, should not affect the central bank's decision to pare quantitative easing.

Web site: www.bloomberg.com

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