Morgan Stanley Stock Outperforms Market On Strong Trading Day
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Shares of Morgan Stanley (MS) rose 5.91% to $97.08 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.20% to 3,990.97 and Dow Jones Industrial Average falling 1.14% to 33,910.85. This was the stock's seventh consecutive day of gains. Morgan Stanley closed $12.65 short of 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) fell 1.55% to $140.80, Wells Fargo & Co. (WFC) fell 0.23% to $44.12, and Charles Schwab Corp. (SCHW) rose 0.61% to $83.49. Trading volume (27.9 M) eclipsed its 50-day average volume of 6.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 17, 2023.
(END) Dow Jones Newswires
January 17, 2023 17:12 ET (22:12 GMT)
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