Evelyn Cheng is a staff writer at CNBC.com covering daily U.S. market moves and broader market trends across both the United States and China.
Prior to CNBC, Cheng held internships with several news outlets including The New York Times Shanghai Bureau and Metro New York.
Cheng holds a bachelor's degree in Journalism, Urban Design and Architecture Studies from New York University. She was a recipient of the Edwin Diamond Undergraduate Award, presented to the top undergraduate journalism student at NYU, and a winner of the Roy W. Howard National Collegiate Reporting Competition. Cheng was also the Editor in Chief of NYU's Asian American interest magazine, Generasian.
Follow Evelyn Cheng on Twitter @chengevelyn.
Forty-two firms have posted quarterly results as of Wednesday, and FactSet said 11 discussed tax policy in their conference calls.
"Ultimately something is going to happen," one FX strategist said. "But probably it's not going to be as extreme as some people had assumed."
Chinese authorities "are very concerned unless the RMB is stable there will be a self-perpetuating acceleration of outflows," one analyst said.
"The market has grossly underestimated trade frictions," said David Cui, head of China equity strategy at Bank of America Merrill Lynch.
Goldman Sachs chief Lloyd Blankfein also tells CNBC a higher-growth economy should sustain the market rally that began after the election.
Citigroup on Wednesday reported a quarterly profit $1.14 a share on revenue of $17.012 billion.
The SPDR S&P Bank ETF (KBE) dropped as Treasury yields fell and traders grew anxious about Trump's policy ahead of Friday's inauguration.
The SPDR S&P Retail ETF (XRT) climbed higher, led by shares of Michaels.
Actively managed emerging market equity funds saw their first net inflows in 11 weeks, according to data from EPFR Global.
Morgan Stanley strikes a positive tone after its fourth quarter earnings report handily beat market expectations.