shopping

Morgan Stanley’s Shopping Spree Sends Stock Markets Higher; Domino’s Gets Cooked

Stocks continued to press higher on Thursday, lifted by optimism among market participants. Investors seem convinced that the federal government will step in to bolster the U.S. economy and that everything will work out fine with the presidential election, the COVID-19 pandemic, and the rest of the long list of worries out there right now. Just before 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was up 78 points to 28,382. The S&P 500 (SNPINDEX:^GSPC) picked up 19 points to 3,439, and the Nasdaq Composite (NASDAQINDEX:^IXIC) moved higher by 50 points to 11,415.

One of the big laggards in 2020 has been the financial sector, but that hasn’t stopped Morgan Stanley (NYSE:MS) from making a big play to expand its business this year, and its latest deal sent a prominent money manager’s stock soaring. Meanwhile, Domino’s Pizza (NYSE:DPZ) has been a favorite among consumer stocks, but its share price

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