While you were sleeping: Trump hits pharma stocks

Wed, 11 Jan 2017

By Margreet Dietz Jan. 12 (BusinessDesk) - Wall Street fluctuated, while US Treasuries rose, following Donald Trump’s first press conference as US President-elect, which sent health care stocks tumbling but stopped short of stimulus details investors had hoped for. “The market didn’t get what it wanted –- details on stimulus to be provided,” Bipan Rai, senior foreign-exchange and macro strategist at Canadian Imperial Bank of Commerce, told Bloomberg. “For now, today’s pre-Trump trades are being unwound.” Pharmaceutical and stocks fell...

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