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Stock market today: Dow hits record as Trump's pick for Treasury stokes optimism


Published on 2024-11-25 17:33:41 - Thomas Matters, WOPRAI
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  • Investing.com-- U.S. stock index futures rose in evening deals on Sunday as Wall Street appeared to be relieved by President-elect Donald Trump nominating prominent investor Scott Bessent as Treasury Secretary.

U.S. stock futures rose on Monday following the news that former Trump campaign advisor Scott Bessent is being considered for a key role in the U.S. Treasury Department. This development comes amidst ongoing discussions about potential changes in the Trump administration's economic team. Investors are reacting positively, anticipating that Bessent's appointment could signal a continuation of pro-business policies. Additionally, the market is also buoyed by expectations of a robust earnings season and the possibility of further economic stimulus measures. However, the article notes that the markets remain cautious due to uncertainties around trade negotiations and the broader economic recovery from the impacts of the global health crisis.

Read the Full Investing Article at [ https://ph.investing.com/news/stock-market-news/us-stock-futures-rise-as-trump-picks-bessent-for-treasury-role-1548741 ]