Dow gains over 150 points; Morgan Stanley profit tops views
U.S. stocks initially rose, with the Dow up 150 points, driven by strong earnings, including Morgan Stanley's Q2 EPS of $3.46 vs. estimates of $2.91. Later, markets reversed, with the Dow down 0.95%. European and Asian markets showed mixed performance. Commodities saw oil rise 5.6%, while gold and silver fell. Economic data included a rise in the Empire State manufacturing index and a decline in mortgage applications.






