🔴 KKR is trading 4.36% down today as higher yields pressure financial stocks

KKR is trading 4.36% down now at $95.64 as higher yields and fading rate-cut expectations weigh on financial stocks following the Federal Reserve’s 25-basis-point rate hike and guidance signaling another increase by December.

• XLF is down 1.54%, while major indexes are also lower.
• No clear negative KKR-specific catalyst emerged; recent deal coverage was broadly constructive and did not attribute the decline to company news.