Blackrock Credit Allocation Income Trust shares fall 1.83% intraday as BlackRock CEO Larry Fink warns of potential 20% stock market decline.

Blackrock Credit Allocation Income Trust fell 1.83% in intraday trading, with BlackRock CEO Larry Fink stating that stock markets could extend their decline by 20% as the U.S. imposes steep tariffs. Fink noted that most CEOs he talks to believe the economy is already in a recession, and the tariffs could increase inflationary pressure.