“If you felt a gust of wind from out of the Northeast, it was the collective sigh of relief coming from New York’s financial district over Donald Trump’s selection of Scott Bessent to lead Treasury,” Politico reports. “After a series of unorthodox Cabinet picks that shocked the policy world, Trump’s choice of the 62-year-old hedge fund executive is being praised by Wall Street heavyweights who had hoped the president-elect would select a more tr…

Political Wire

New York

United States

Wall Street Likes Trump’s Pick for Treasury

REUTERS/Dario Cantatore/NYSE EuronextUS stocks rallied, led by the Dow Jones, after Scott Bessent's nomination to run the Treasury Deparment.Bessent is seen as a stabilizing, pro-market force that could counter some of Trump's inflationary policies. Investors are eyeing key data releases in the holiday-shortened trading week, including PCE and GDP data.US stocks extended their rally on Monday, led by the Dow Jones Industrial Average, which surge…

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Business Insider

Stock market today: Dow surges 440 points to record high as investors cheer Bessent as Treasury pick

Goddard Media LLC

Follow along to MarketWatch’s coverage of financial markets on Monday.

MarketWatch

Murdoch family

Stock Market Today: Dow futures climb after Trump picks Bessent to be Treasury secretary nominee

Dow contracts touched a record high on Monday and led gains among U.S. stock index futures, on investor optimism driven by Scott Bessent's nomination as Treasury Secretary in the incoming Trump administration.

New Hampshire Union Leader

New Hampshire

Dow futures hit record high buoyed by Trump's Treasury nomination

The benchmark Wall Street indices opened higher on Monday, in the first session following US President-elect Donald Trump's disclosure of Scott Bessent as his pick for the treasury secretary.The broader index, S&P 500, rose 0.4% to 5,992.28 at the opening bell, whereas the tech-heavy Nasdaq was up 0.7% at 19,140.59 as the US stock market commenced trading. The 30-stock Dow Jones Industrial Average climbed marginally by 88.98 points to 44,385.49.…

NDTV Profit

US Stock Markets Today: S&P 500, Nasdaq Rise After Trump Discloses Treasury Secretary Pick

The Dow, S&P 500, and Nasdaq are rising Monday as the stock market reacts to President-elect Donald trump appointing Scott Bessent as Treasury secretary.

Barron's

Stock Market Today: Dow, S&P 500 Rise After Trump Picks Bessent; Nvidia, Super Micro, MicroStrategy, Palantir, More Movers; Treasury Yields Falling

By Saeed Azhar, Johann M  Cherian and Purvi Agarwal (Reuters) -Wall Street’s main indexes climbed on Monday, with the small-cap Russell 2000 index hitting an all-time high after Scott Bessent’s nomination as U.S. Treasury secretary helped push bond yields lower.  Focus also turned to talks of a ceasefire deal between Israel and Lebanon, which pushed oil prices lower, dragging the Energy index  1.7% lower. President-elect Donald Trump ended weeks…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

Wall St rises; small-caps at record high after Trump nominates Bessent - Blue Water Healthy Living

NEW YORK (AP) — U.S. stocks are rallying toward records and adding to last week’s gains. The S&P 500 was 0.7% higher early Monday and set to top its all-time high set two weeks ago. The Dow Jones Industrial Average added 401 points, or 0.

BIV News

Stock market today: Wall Street climbs after Trump picks Bessent for Treasury post

The U.S. stock market appeared to cheer President-elect Donald Trump's presumptive nominee for Treasury secretary, who told CNBC earlier this month that he sees an era of strong growth and lower inflation ahead.
Stock market futures rose and Treasury yields tumbled early Monday following the…

BizToc

U.S. stock and bond markets love Trump's pick of Bessent for Treasury — Here's why

Donald Trump wants hedge fund manager Scott Bessent to be Treasury Secretary. Wall Street reacts by sending the leading indexes up.

Donald Trump vil ha hedgefondforvalter på Scott Bessent til finansministerposten. Wall Street reagerer med å sende de ledende indeksene opp.

Wall Street Likes Trump’s Pick for Treasury

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