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Nasdaq Surges 200 Points; Morgan Stanley Posts Upbeat Earnings

April 16, 2026
Source: benzinga.com benzinga.com
News Snapshot:
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 200 points on Wednesday.The Dow traded down 0.36% to 48,360.33 while the NASDAQ rose 0.91% to 23,854.08. The S&P 500 also rose, gaining, 0.41% to 6,995.87.Leading and Lagging SectorsInformation technology shares climbed by 1% on Wednesday.In trading on Wednesday, materials stocks fell by 1.1%.Top HeadlineMorgan Stanley (NYSE:MS) posted better-than-expected earnings for the first quarter.The company posted EPS of $3.43, beating market estimates of $3.00. The company's sales came in at $20.580 billion, topping expectations of $19.724 billion.Equities Trading UP           Equities Trading DOWNCommoditiesIn commodity news, oil traded up 0.7%...
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