Morgan Stanley stock tumbles 6% at month-end — what investors watch before Monday
Morgan Stanley shares fell 6.2% to $166.51 Friday, leading declines in financial stocks after hot inflation data and renewed credit-loss concerns. The Dow lost 1.05%, S&P 500 dropped 0.43%, and Nasdaq slid 0.92% for their worst month in a year. Morgan Stanley also filed to launch a national trust bank for crypto custody, according to a federal filing.