"The return of the bond market after a holiday on Monday was another factor in top-slicing share prices, as Treasury yields continued a rise which has been in place since September," Hunter added. The increase in implied borrowing costs comes as investors ...

U.S. equity futures edged lower in early Wednesday trading, while Treasury yields moved higher and the dollar steadied, as investors looked to a key inflation reading that could accelerate repricing of the so-called 'Trump Trade' and test the market's solid post-election rally.

The five-day election rally sputtered on Tuesday as the market turned its attention toward incoming economic data. Some parts of the Trump trade maintained momentum, with crypto and FX traders cheering on the president-elect's policies.

European markets opened higher on Wednesday while Asian stocks followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory.

A White House more friendly to big tie-ups has helped Wall Street speculate about a merger between insurers Cigna Group and Humana, for example. It’s been so feverish that Cigna

Asian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory.