Healthcare Stocks Lift Wall Street
- 6 years ago
According to Reuters, Healthcare stocks lift Wall Street as banks dip ahead of expected rate hike.
With a third rate hike all but certain, and chances of a fourth increase in December firming after robust consumer confidence data on Tuesday, investors are keen to know whether the Fed will officially end the era of easy money.
Financial stocks overall .SPSY were 0.19 percent lower, reflecting the drop in bank shares .BKX. Only JPMorgan (JPM.N), Citigroup (C.N) and M&T Bank (MTB.N) eked out gains.
With a third rate hike all but certain, and chances of a fourth increase in December firming after robust consumer confidence data on Tuesday, investors are keen to know whether the Fed will officially end the era of easy money.
Financial stocks overall .SPSY were 0.19 percent lower, reflecting the drop in bank shares .BKX. Only JPMorgan (JPM.N), Citigroup (C.N) and M&T Bank (MTB.N) eked out gains.