, were the best performers on Wednesday. The sector rose 1%, led by gains in Allergan and DaVita.
Treasury yields fell following the announcement, pressuring bank shares. The benchmark 10-year yield traded down at 2.02%. Citigroup, Morgan Stanley, J.P. Morgan Chase and Bank of America all traded lower. Those expectations increased amid lingering trade worries and weaker economic data. China and the U.S. hiked tariffs on billions of dollars worth of their goods, stoking fears that tighter trade conditions could slow down the global economy.
very cool! thank you mr President Trump.
Rate hike They said Rate cut.
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