Blackrock Floating Rate Income Trust shares rise 2.83% intraday after Edison report on BlackRock American Income Trust.

Blackrock Floating Rate Income Trust rose 2.83% intraday, with the company's CEO Larry Fink expressing concerns about elevated inflation and higher rates, as well as the potential for a 20% further decline in stock markets due to steep U.S. tariffs. Fink noted that most CEOs he talks to believe the economy is already in a recession, adding to inflationary pressure. However, he also suggested that recent stock market weakness could be a buying opportunity in the long run.