BlackRock ( BLK) shares rose 4% Wednesday morning as the asset manager posted better-than-expected quarterly results on record assets under management (AUM).

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Treasury yield surpassed 5%, it could "shock" the stock market and "force a revaluation," BlackRock's Larry Fink said.

CEO Larry Fink is cautiously optimistic on the markets. He's optimistic on growth prospects, but warned Thursday that new ...