GLOBAL MARKETS-Inflation woes hobble US stocks, dollar cling to lows [Reuters]
Morgan Stanley (MS)
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Source: Reuters
By Koh Gui Qing , Marc Jones 3 Min Read (Updates with U.S. markets, adds dateline; previous London) * Stock markets tumble as tech stocks sell off * Inflation angst lingers across assets * Commodities take breather after rapid rise * Global asset performance tmsnrt.rs/2yaDPgn * World FX rates tmsnrt.rs/2egbfVh NEW YORK/LONDON, May 11 (Reuters) - U.S. stocks tumbled on Tuesday as speculation that rising inflation pressure could prompt interest rate hikes sooner rather than later dragged on shares and hobbled the dollar, which struggled at a 2-1/2-month low. Technology stocks were among the biggest losers, mirroring a sell-off in other technology stocks overnight in China, where talk of tighter regulation sent shares skidding. The Nasdaq Composite lost 1.3%, the Dow Jones Industrial Average shed 1.7% and the S&P 500 fell 1.6%. “Commodities and inflation risks remained a key focus for investors amid mixed and choppy price action across global markets,” said Chris Collins, an economist
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MS
Earnings
- 4/16/24 - Beat
MS
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- MS's page on the SEC website