The MTA had argued it needed to raise fares to close a two-year deficit it estimated at different times ranged from less than $ 1 billion to $ 2.8 billion .
The MTA argued it needed to raise fares to close a two-year deficit it estimated , at different times , to be $ 952 million or $ 2.8 billion .
Volume was moderate at 827.68 million shares , up from 798.95 million at the same point Tuesday .