Why the post-earnings Morgan Stanley sell-off is an overreaction

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. 1. U.S. stocks fell in midmorning trading Wednesday, with the S & P 500 down 0.85% and the Nasdaq Composite losing more than 1%. The move lower came as oil prices spiked on the back of escalating tensions in the Middle East, with Iran calling for an oil embargo on Israel. West Texas Intermediate crude, the U.S.

But investors overreacted, sending the stock tumbling more than 7% Wednesday morning, to $74.50 a share. The bank is still on track to meet its target of adding $1 trillion in net new assets over three years. 3. Some Wall Street firms on Wednesday lowered their price targets on Club holding Nvidia in the wake of news the U.S. government is planning to further restrict the sale of advanced AI chips to China in the coming weeks.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

U.S. stocks open lower as investors weigh Morgan Stanley earnings, housing-market dataChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Stock Market News Today: Dow Opens Lower; Morgan Stanley, P&G Earnings in Spotlight -- Live UpdatesLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »

Morgan Stanley earnings fall 10% but beat lowered Wall Street expectationsTrading revenue rises 10%, but investment banking remains weak amid a dearth of deals
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »