On September 22, Morgan Stanley declined 3.11% in regular trading, trading near $199.96 per share, with turnover of approximately $176 million. The drop came amid broad selling pressure across the investment banking sector following the Federal Reserve's decision on September 17 to raise the federal funds rate by 25 basis points to a target range of 3.75%–4.00%, marking its first rate hike since July 2023 and formally ending a three-year easing cycle.

The rate decision, passed unanimously by the FOMC, was the first policy direction change under Chair Kevin Wosh since he took office in May. Morgan Stanley's wealth management division had previously flagged that the latest PCE inflation report failed to lower rate hike expectations, with the firm warning that a disorderly rise in bond yields remains the market's largest tail risk. Concerns over subsequent tightening continue to weigh on the broader investment banking and brokerage sector.

Within the Investment Banking & Brokerage sector, Robinhood edged up 0.65%, while Goldman Sachs fell 1.74%, Charles Schwab dropped 5.33%, LPL Financial Holdings declined 7.10%, and Raymond James lost 4.49%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)