AllianceBernstein Global High Income Fund, Inc. shares fall 2.50% intraday amid macroeconomic uncertainty and EQT's lowered expectations.

Monday, Apr 7, 2025 12:37 pm ET1min read
AllianceBernstein Global High Income Fund, Inc. declined 2.50% in intraday trading. The decline may be attributed to the recent news that Carnegie has cut the target price for EQT, a private equity firm, from SEK 380 to SEK 320 due to increasing macroeconomic uncertainty and the potential difficulty in selling companies in the current climate. This news could have negatively impacted investor sentiment towards AllianceBernstein, which has investments in EQT.

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