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Morgan Stanley's wealth management sees IPO-driven growth

Morgan Stanley's wealth management division attracted over $116 billion in new client assets linked to IPOs in its latest quarter, capitalizing on the ongoing IPO boom.

Nasdaq plunges as AI-related inflation concerns rise

On October 14, 2026, the Nasdaq Composite fell 1.9% following hotter-than-expected consumer price inflation data, influenced by strong consumer spending, energy prices, and AI-related cost pressures.

US stock indexes close lower amid tech sell-off

On October 16, 2026, U.S. stock indexes declined, with the S&P 500 dropping 1.1% and the Nasdaq composite falling 2.1%, primarily due to declines in major technology companies like Micron Technology and Intel.