Morgan Stanley shares rally amidst mixed market performance

  • Stock Market News
Morgan Stanley shares rally amidst mixed market performance
Credit: © Reuters.

Shares of Morgan Stanley (NYSE:MS) witnessed a 1.99% increase to reach $87.25 on Wednesday, marking the second consecutive day of gains in an otherwise mixed trading session for the stock market. This development came as the S&P 500 Index (INDEXSP:SPX) rose slightly by 0.12% to 4,467.44, while the Dow Jones Industrial Average (INDEXDJX:DJIA) fell by 0.20% to 34,575.53.

Despite the rally, Morgan Stanley's closing price remained $13.74 below its 52-week high of $100.99, which was achieved on February 14th. On Wednesday, the firm outperformed some of its competitors; JPMorgan Chase & Co. (NYSE:NYSE: JPM ) saw a marginal rise of 0.05% to $146.41, while Wells Fargo & Co. (NYSE:NYSE: WFC ) and Charles Schwab Corp. (NYSE:NYSE: SCHW ) experienced declines of 0.68% and 2.96% to close at $42.25 and $58.73 respectively.

In terms of trading volume, Morgan Stanley recorded a figure of 10.2 million, surpassing its 50-day average volume of 6.9 million.

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