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AMG - Here's Why Affiliated Managers Group Popped on Friday
Affiliated Managers Group Inc.
The recent stock market downturn has been rough on most sectors, but the financial sector has been one of the worst performers. However, as the stock market rallied on Friday, with the Dow Jones Industrial Average and S&P 500 both higher by 9%, many financial stocks performed extremely well.
Wealth management company Affiliated Managers Group(NYSE: AMG) was one of the standouts, finishing the day up nearly 14%.