Wednesday, October 16

The Dow has regained some lost ground although the S&P 500 and the Nasdaq stumbled, dragged lower by declines in megacap technology stocks, while the broader market gained from upbeat quarterly earnings from banks, notably Morgan Stanley.

Morgan Stanley rose 6.7 per cent, joining peers such as JPMorgan Chase in reporting strong profits after a sharp increase in investment banking revenue.

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https://thewest.com.au/business/markets/wall-street-mixed-as-tech-stocks-fall-and-banks-gain-c-16418193

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