Stocks close higher, adding to big June gains, after Fed hints a rate cut could be near

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Correction: Stocks closed higher on Wednesday after the Fed hinted a rate cut could be near. The Dow rose 0.15% and the S&P 500 closed 0.3% higher.

, 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.

 

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AND trump talks about deal W/China in the making. Every time he does-up goes the market. Then when squat happens-down it goes. Someone is making a mint on him doing that manipulation.

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