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Nasdaq Edges Lower; Morgan Stanley Earnings Top Views

U.S. stocks traded mostly higher toward the end of trading, with the Dow Jones index surging more than 650 points on Tuesday. The Dow traded up 1.63% to 40,865.59 while the NASDAQ fell 0.11% to 18,452.31. The S&P 500 also rose, gaining, 0.37% to 5,652.28. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields Leading and Lagging SectorsIndustrials shares jumped by 2.3% on Tuesday. In trading on Tuesday, information technology shares fell by 0.8%. Top Headline Morgan Stanley (NYSE:MS) reported better-than-expected second-quarter results. Morgan Stanley reported second-quarter EPS of $1.82, up from $1.24 a year ago and beating the consensus of $1.65. The U.S. bank reported second-quarter sales of $15.02 billion, up 11.6% year over year, beating the consensus of $14.30 billion. Equities Trading UP                        Silo Pharma, Inc. (NASDAQ:SILO) shares shot up 93% to $2.07 after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer’s drug. Shares of Yoshitsu Co., Ltd (NASDAQ:TKLF) got ...