Equities under pressure, Morgan Stanley layoffs


Source: cnbc.com cnbc.com

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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. Equities under pressure Watch Morgan Stanley Earnings on deck 1. Equities under pressure Stocks fell Tuesday morning, with all three major U.S. benchmarks down more than 1% . The drop comes as investors look to decisions on interest-rate hikes from the Federal Reserve and European Central Bank this week. Both central banks are expected to raise rates by at least 25 basis points, as inflation persists across the U.S. and Europe. Equities also came under...