Wall Street Roundup: Morgan Stanley morning, planning for doomsday

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Gold: Trading now at $1,597 per ounce, up 0.1% from Wednesday. Dow Jones industrial average: Trading now at 12,719.08, up 1.2% from Wednesday.

Morgan Stanley morning. Morgan Stanley is the latest big bank to surprise analysts with its second-quarter results, helping power an upward swing in stock prices.

Planning for doomsday. Different articles trace how Wall Street banks and the Federal Reserve are taking measures just in case the United States does default on its debt on Aug. 2.

Defending Wall Street. An extended left-leaning argument for why we shouldn’t blame Wall Street for our economic troubles.

-- Nathaniel Popper