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Morgan Stanley stock dips slightly, ending two-day climb as market fluctuates

Published Nov 17, 2023 19:44
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NEW YORK - In a day marked by mixed fortunes for the financial sector, Morgan Stanley (NYSE: MS) saw a slight decrease in its stock price, ending a two-day upward streak. The minor retreat of 0.03% brought the share price to $79.66 on Thursday, amidst an overall uneven session for the market.

The broader market witnessed minimal gains and losses, with the S&P 500 Index (INDEXSP:.INX) edging up by just over 0.1% to close at 4,508.24. Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) experienced a small decline, nearly matching the S&P's percentage change, and ended the day at 34,945.47.

Morgan Stanley's performance stood in contrast to its February peak this year when shares reached $100.99 on February 14th. The current closing price reflects a notable $21.33 drop from that high point.

Banking peers showed divergent paths; JPMorgan Chase (NYSE: NYSE:JPM) made notable gains of 1.14%, reaching $151.45. On the other hand, Wells Fargo & Co (NYSE: WFC) and Charles Schwab Corp (NYSE: NYSE:SCHW) both saw their stocks retreat slightly to $42.53 and $55.67 respectively.

Trading volume for Morgan Stanley was lower than average, with only 6 million shares changing hands compared to its regular median volume of over nine million shares. This indicates reduced activity on the exchange floor for the company's stocks relative to typical trading days.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Morgan Stanley stock dips slightly, ending two-day climb as market fluctuates
 

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