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Jinse Finance reported that the Federal Reserve announced on Friday that it has finalized new capital levels for the largest U.S. banks following June's stress tests, but added that Morgan Stanley (MS.N) is seeking a reassessment of its soon-to-be-effective capital level. The new capital requirements will take effect on October 1. If the Federal Reserve adopts a proposal currently under review, which would average the results of two years of stress tests, the requirements will be updated. Based on the annual large bank financial stress tests, the Federal Reserve assesses how banks would perform under hypothetical adverse economic scenarios and sets their capital buffer levels accordingly. Morgan Stanley is requesting a reconsideration of its results, and the Federal Reserve will announce its decision by the end of September.

According to Jinse Finance, all three major U.S. stock indexes closed lower. The Nasdaq fell 1.15%, down 0.19% for the week, but up 1.58% in August; the S&P 500 Index dropped 0.64%, down 0.1% for the week, and up 1.19% in August; the Dow Jones fell 0.2%, down 0.19% for the week, and up 3.2% in August. Among them, the S&P 500 Index and Dow Jones have risen for four consecutive months, while the Nasdaq has risen for five consecutive months. Most large technology stocks declined: Tesla, Nvidia, and AMD fell more than 3%, Intel dropped more than 2%, Amazon, Meta, and Netflix fell more than 1%, while Microsoft and Apple saw slight declines; Google edged up slightly.