NEW YORK -- Morgan Stanley posted better-than-expected quarterly earnings on Wednesday, joining those from two of its rivals and indicating that Wall Street may be getting a better grip on the credit crisis.

NEW YORK (Reuters) - Stocks tumbled on Wednesday, adding to the previous session's plunge, as recession concerns intensified after Intel Corp (INTC.O), the world's largest chip maker, gave quarterly earnings and a profit outlook that missed Wall Street estimates.

NEW YORK (Reuters) - Lehman Brothers Holdings Inc (LEH.N) said on Thursday that quarterly earnings fell 11 percent, hurt by writedowns in bond trading.