Morgan Stanley stock price slides as credit-card rate cap deadline weighs on banks
Morgan Stanley shares fell 3.5% to $182.53 Tuesday afternoon as U.S. bank stocks slid on concerns over a proposed 10% cap on credit-card interest rates. The S&P 500 Banks index dropped 1.2%. The White House has not detailed how the cap would be enforced. Broader markets also declined after President Trump threatened new trade action against Europe.