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MSCI shares dip as markets close lower on Tuesday

EditorHari Govind
Published 06/12/2023, 01:30
Updated 06/12/2023, 01:30

NEW YORK - MSCI Inc. experienced a slight decline in its stock value during Tuesday's trading session, with shares closing at $523.43, a 0.39% drop amid a broader market downturn. The S&P 500 and the Dow Jones Industrial Average also ended the day lower, closing at 4,567.18 and 36,124.56 respectively.

The performance of MSCI's stock is notably off from its February 2nd peak by $49.07. Trading volume for the day was reported to be subdued, with only 189,520 shares changing hands compared to its 50-day average volume of 323,914.

In a similar downward trend, other financial giants such as JPMorgan Chase (NYSE:JPM), Charles Schwab (NYSE:SCHW), and BlackRock (NYSE:BLK) also saw their share prices fall. JPMorgan Chase ended the day at $157.97, Charles Schwab at $62.23, while BlackRock settled at $754.30.

This marks the second consecutive day of losses for MSCI, aligning with broader market movements that have impacted several major financial institutions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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