Market moves: The stock market tacked on some additional gains after the Federal Reserve on Thursday afternoon cut interest rates by 25 basis points.
Bond yields, which move inversely to bond prices, have been on the rise since the Fed cut rates in September.
Stick to discipline: The stock market especially liked the idea of a pro-business environment and de-regulation expected in the future Trump administration.
It's not surprising to see Wells Fargo down 3% after the Club stock surged more than 13% on Wednesday.
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Jim Cramer, Thursday's, Jerome Powell, hasn't, Bond, Donald Trump, Trump, industrials, It's, Wells, Mogan Stanley, Morgan Stanley, Bloomin, Jim Cramer's, Jim
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CNBC, Federal Reserve, Fed, Treasury, Bond, NBC News, Club, DraftKings, Arista Networks, Azon Enterprise, Trade, Baxter International, NRG Energy, Jim Cramer's Charitable
Locations:
Wells Fargo, Wells