Morgan Stanley stock sinks 6% into weekend as credit jitters return; jobs data is next test
Morgan Stanley shares fell 6.2% to $166.51 Friday as bank stocks slid after UK lender Market Financial Solutions collapsed amid allegations of financial irregularities. The KBW bank index dropped 4.9%. Investors cited renewed concerns over private credit and asset-backed lending. The U.S. jobs report due next week is seen as the next major test for markets.