Blackstone shares were pulling back during the regular session, mirroring a broader decline across the asset management sector. Peers also faced downward pressure, with KKR falling 4.7%, The Carlyle Group dropping 2.6%, and Ares Management sliding 2.1%. While the firm announced it is leading a $1 billion financing to support the combination of Analogic Corporation and Leidos' security businesses on October 12, this M&A activity did not prevent the stock from tracking the wider industry selloff.