Morgan Stanley Surges 1.16% Amid Sector Rotation and Strong Earnings Ranks 165th in Dollar Volume

On September 18, 2025, , ranking 165th among listed stocks by dollar volume. The firm's performance was driven by a combination of sector rotation and improved risk appetite in equity markets, as investors reassessed macroeconomic signals ahead of the Federal Reserve's policy meeting.

. While the firm reiterated its caution on market volatility, the underlying business momentum provided a floor for the stock. , attracting algorithmic buying activity in late afternoon trading.

Backtesting parameters for a cross-sectional strategy would require defining key implementation details. The market universe should include all U.S.-listed common stocks across major exchanges. Trade execution timing could involve closing rebalances with a one-day holding period, or open-to-close intraday positions. Portfolio weighting options include equal allocation across the 500-stock universe or volume-weighted approaches. Frictional costs such as commissions and slippage should be explicitly modeled in the strategy framework before backtest execution. These parameters directly impact the replicability of the strategy's performance metrics.