U.S. Markets close in 3 hrs 22 mins
Stocks to Watch

Abercrombie & Fitch soars, GM expects Cadillac boost, Barnes and Noble may go private

How Alternative Asset Managers Make Moats

Morningstar

Oaktree, Apollo Global Management, and Blackstone have built competitive advantages out of strong brands and explicit switching costs, says Morningstar's Matt Coffina.