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Updated · MarketWatch · May 7MSCI stock rises 1.07% and outperforms competitors in rough session
7 articles · Updated · MarketWatch · May 7
- Shares closed at $588.37 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
- The gain marked MSCI's second straight daily advance, while JPMorgan fell 2.74%, Charles Schwab lost 2.88% and BlackRock slipped 0.54%.
- MSCI ended 6.05% below its 52-week high of $626.28 reached on 2 February, and trading volume of 611,483 topped its 50-day average of 573,900.
MSCI's upcoming index review will shift billions. Which stocks are set to win or lose from the shake-up? While the market tumbles, MSCI soars on AI bets. Is this a new safe haven or a high-priced gamble? MSCI's CEO is buying millions in company stock. What does he see that other investors are missing?