Morgan Stanley Stock Outperforms Market On Strong Trading Day
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Shares of Morgan Stanley (MS) rallied 1.46% to $88.92 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.70% to 3,919.25 and the Dow Jones Industrial Average rising 0.56% to 33,704.10. This was the stock's third consecutive day of gains. Morgan Stanley closed $20.81 below its 52-week high ($109.73), which the company achieved on February 10th.
The stock outperformed some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) rose 0.90% to $138.60, Wells Fargo & Co. (WFC) fell 0.07% to $42.36, and Charles Schwab Corp. (SCHW) rose 0.22% to $85.62. Trading volume (4.5 M) remained 2.1 million below its 50-day average volume of 6.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 10, 2023.
(END) Dow Jones Newswires
January 10, 2023 17:12 ET (22:12 GMT)
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