Investors’ morale was low on Thursday after both JPMorgan Chase & Co. JPM and Morgan Stanley MS missed earnings and revenue estimates and issue weak guidance. Morgan Stanley (MS): Free Stock Analysis Report U.S. stocks rallied on Friday to close sharply higher as upbeat earnings and strong economic data gave investors’ confidence a boost and also eased fears of a 100 basis point rate hike by the Fed as concerns over surging inflation somewhat waned.