Morgan Stanley Stock Outperforms Market On Strong Trading Day
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Shares of Morgan Stanley (MS) rose 2.34% to $98.33 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.61% to 4,045.64 and the Dow Jones Industrial Average rising 1.17% to 33,390.97. The stock's rise snapped a five-day losing streak. Morgan Stanley closed $2.66 short of its 52-week high ($100.99), which the company reached on February 14th.
The stock outperformed some of its competitors Friday, as JPMorgan Chase & Co. (JPM) rose 1.84% to $143.66, Wells Fargo & Co. (WFC) rose 2.29% to $46.85, and Charles Schwab Corp. (SCHW) rose 1.73% to $77.41. Trading volume (6.5 M) remained 364,346 below its 50-day average volume of 6.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2023.
(END) Dow Jones Newswires
March 03, 2023 17:12 ET (22:12 GMT)
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