, 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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks look set to drift up near records as investors await crucial Fed decisionStock-index futures were mired in muted action Wednesday as investors awaited a key decision by the Federal Reserve that could determine whether Wall Street is likely to get a highly anticipated rate cut, or cuts, this year. draghi set up the bases loaded, Powell just needs to release the dovish statement for new ATHs and the grand slam. $SPY $SPX $QQQ $IWM
Source: MarketWatch - 🏆 3. / 97 Read more »
One group of stocks has been a surefire winner when the Fed cuts interest ratesInvestors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks cautious before Fed, oil on defensiveInvestor caution ahead of the Federal Reserve's interest rate meeting cappe...
Source: Reuters - 🏆 2. / 97 Read more »
European stocks set to open mixed ahead of key Fed meetingEuropean markets pointed to a mixed open Wednesday ahead of a much-anticipated U.S. Federal Reserve decision on interest rates.
Source: CNBC - 🏆 12. / 72 Read more »
Global stocks, yields edge higher as investors brace for FedA gauge of global stock markets gained modestly on Wednesday to reach six-week h... K Bonn qdqn
Source: Reuters - 🏆 2. / 97 Read more »
Dividend stocks, hot this year, may get even hotter thanks to the Federal ReserveDividend stocks have been hot this year, and the Fed could add to that fire
Source: MarketWatch - 🏆 3. / 97 Read more »