Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. U.S. stocks edged lower Wednesday following a three-session losing streak for the S & P 500 . Investor concerns that the Federal Reserve will leave interest rates higher for longer and escalating tensions in the Middle East have increased volatility.
Both of our financial names released solid earnings. Morgan Stanley shot up 1.5% on Wednesday. The stock added to prior session gains on largely better-than-expected quarterly results , featuring a big rebound in investment banking, Wells Fargo shares have pretty been flat since its upbeat earnings release last Friday. Still, we like that the bank's fee-based revenues were strong, and that management seems to be pushing into these kinds of offerings.