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The stock market's upward push has taken pause, so as to give stocks a bit of a breather. As things currently stand, the S&P 500 is on pace for a weekly gain of more than 2%.
Financials have been a big driver of today's gains. The sector is now up 2.0%, which makes it the top performing sector in the broad market. For the week, financials are collectively up 3%.
Morgan Stanley (MS 23.26, +1.54) is a top performer among financials today. The stock's 7% spike comes in response to news that the investment bank and brokerage outfit had a narrower-than-expected loss for the latest quarter. Earlier this week peer Goldman Sachs (GS 134.39, +1.64) posted earnings that were well short of what had been widely expected on Wall Street.
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