Morgan Stanley Shares Plummet

Morgan Stanley shares fell as much as 7.8 percent Friday because of concerns about its exposure to European banks. Shares of the second-largest U.S. investment bank were down 6.7 percent at $14.08, having earlier fell 7.8 percent to an intraday low of $13.91. Comparable financial stocks were also down. Goldman Sachs Group Inc fell 2.6 percent to $30.58 and the NYSE Arca Securities Broker/Dealer Index, which includes Morgan Stanley, was down 3.4 percent.

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