The Real Deal Miami

Morgan stock increases after Congress’ news

September 19, 2008 02:50PM

Morgan Stanley’s stock value increased after Congress announced that the government might create an agency to inject capital into financial companies. Morgan’s stock had dropped 49 percent in the previous eight trading sessions, but jumped 3.7 percent to $22.55 yesterday. Meanwhile, Goldman Sachs shares fell 5.7 percent to $108.