Morgan Stanley beats profit and revenue marks
Morgan Stanley stock rose 1.1% in premarket trades Tuesday after the investment bank’s adjusted profit beat Wall Street expectations. Morgan Stanley said its… Source
January 19, 2023
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OPEC leaves oil-demand forecast unchanged
The Organization of the Petroleum Exporting Countries on Tuesday left its forecast for global oil-demand growth unchanged, but noted that the outlook… Source
New York Empire State factory gauge drops sharply in January
The New York Fed's Empire State business conditions index fell steeply to negative 32.9 in January, its lowest reading the worst of the pandemic in 2020. Source
Small-cap stocks outperform so far in 2023 as U
Small-cap stocks are outperforming large-cap U.S. equities this year, in an upbeat start to 2023 after suffering steep losses last year. The Russell 2000 index, which tracks small-cap stocks in the U.S., was up 7.1% this year through Friday, according to FactSet data. That beats the 4.2% gain for t Source
U.S. stocks struggle for direction at the open as investors
U.S. stocks struggled for direction at the open on Tuesday, as investors weighed earnings from Goldman Sachs Group Inc. and Morgan Stanley as trading resumed… Source