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CNBC Daily Open: Strong earnings, macro conditions driving stocks higher

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With monetary policy easing, the economy staying strong and inflation cooling, stocks look like they have stamina to keep going higher.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribecut rates by 25 basis points

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly The investment banking business was a main source of profit for Morgan Stanley. Supported by the U.S. Federal Reserve beginning its rate-cutting cycle, initial public offerings and mergers and acquisitions are emerging from hibernation, injecting fresh life into Wall Street banks.has jumped more than 6% over the past five trading days. In another sign of the rally broadening, the banking ETF has outstripped the S&P 500's climb of less than 1% during the same period.

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