Stocks gave back earlier gains as a selloff in health care overshadowed the Federal Reserve's decision a day earlier to raise interest rates. Wall Street had rallied on Wednesday after the Fed hiked rates for the third time since 2008. Biogen (BIIB) led health care losses after Morgan Stanley downgraded its rating to EQUAL WEIGHT from OVERWEIGHT. Analysts said they see limited upside for the stock in the near term. Williams-Sonoma (WSM) rose after reporting better-than-expected profit in its fourth quarter. The retailer said the holiday shopping season had been one of its best. Its board also approved a 5% increase to its dividend. Dollar General (DG) bested earnings estimates and reported a healthy increase in same-store sales. The discount retailer also bumped up its dividend by a penny.
More from Video
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money Video Wrap: Apple Rallies as Services Segment Takes Center Stage
There is a lot of Apple news to chew on Wednesday.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.