Blackstone (BX) jumps 4% on earnings as they set an industry record with $1.2 trillion in assets, taking in $52 billion in the quarter. The private equity firm’s earnings may not have beat estimates, but sales for the second quarter grew 32% to $3.71 billion, blowing by estimates by a billion dollars. The growth was driven by private wealth, credit and insurance, and infrastructure divisions.

Profit-taking following earnings. IBM (IBM) is down 9%, Tesla (TSLA) is down 7% while Honeywell (HON) is down 4%. IBM saw slowing software demand in the second quarter, but long term still looks good. Tesla sales dropped as CEO Elon Musk concedes, sales could be choppy for a number of quarters as their robo-taxi gets rolled out.

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