Morgan Stanley (MS) shares are trading lower Thursday following a Wall Street Journal report that the bank's wealth management unit is facing an investigation from several federal agencies. The Securities and Exchange Commission (SEC) and Office of the Comptroller of the Currency (OCC), among others, are looking into Morgan Stanley's efforts to combat potential money laundering from wealthy clients. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Morgan Stanley (MS) shares are trading lower Thursday following a Wall Street Journal report that the bank's wealth management unit is facing an investigation from several federal agencies. The Securities and Exchange Commission (SEC) and Office of the Comptroller of the Currency (OCC), among others, are looking into Morgan Stanley's efforts to combat potential money laundering from wealthy clients.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Angel Smith
Benzinga
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Investor's Business Daily
The Nasdaq composite — finishing up almost 1.7% — led the upside with the help of gains that set up a follow-on buy point for artificial intelligence bellwether Nvidia. The Cboe Market Volatility Index, or VIX, sank nearly 5% to 15.05, down in four of the past five trading days. Meanwhile, bond prices continued to weaken Thursday, sending up yields and creating a near-term headwind for stocks.
The Wall Street Journal
Investors are on the lookout for more signs of trouble lurking in the U.S. financial system. Losses from commercial real estate and bond portfolios are mounting, and bank stocks have lagged behind the broader market rally. “Fear of rates, recession and regulation have overtaken the reality of performance for bank stocks,” said Mike Mayo, the influential Wells Fargo analyst.
Bloomberg
(Bloomberg) -- Amazon.com Inc. joined fellow technology behemoths Meta Platforms Inc., Microsoft Corp., and Nvidia Corp. in setting a fresh record as the e-commerce and cloud computing giant’s shares extended gains. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussia Destroys Largest Power Plant in Ukraine’s Kyiv RegionApple Plans to Ove
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