Bridge Investment Group Holdings Inc. (BRDG) shares are experiencing a decline today, primarily due to broader market concerns following the release of stronger-than-expected U.S. jobs data. The Labor Department reported that U.S. employers added 256,000 jobs in December, significantly surpassing economists' expectations of 153,000. This robust job growth has raised fears that the Federal Reserve may maintain higher interest rates for a longer period to combat inflation, which is putting pressure on the stock market overall. As a result, major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq have all seen declines, contributing to the downward pressure on BRDG shares.
The current price of BRDG is $7.39, reflecting a 2.76% decrease from its previous close of $7.60. The stock opened at $7.46 and has seen a slight decline of 0.94% from the opening price.