Bullish mood lifts Morgan Stanley to session high of $84.64

Published: May 27 2023, 05:41 GMT+0

Bullish mood lifts Morgan Stanley to session high of $84.64

A quick look at yesterday: bullish sentiment helped the banking company to hammer out a noteworthy $82.83 to $84.64 range yesterday, and finally closing at $83.9 to end the session.

On the flip side, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

At the same time, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions came out at 193,100.

This rally in Morgan Stanley's share price coincided with other financials stocks as American Express was up 4.08%. Goldman Sachs traded at $332 after closing yesterday's trading day at $323.88 (up 2.51%). The Blackstone Group Inc. added 2.6% to its value, and traded at $85.7.

Pointing downwards for around a month. The financial services company reached a significant high of $100.83 around 3 months ago but has lost 17.68% since then.