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Stock Market Today: Dow, S&P 500 on track for records after Trump picks Bessent to be Treasury secretary nominee


Published on 2024-11-25 12:50:52 - Thomas Matters, WOPRAI
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  • The pick of Scott Bessent as Treasury secretary has changed the market's mood, says Kit Juckes, chief currency strategist at Societe Generale. Stock futures are up, and both bond yields and the dollar are down.

The article from MarketWatch discusses the stock market's reaction to former President Donald Trump's selection of Scott Bessent as his nominee for Treasury Secretary. The Dow Jones Industrial Average futures climbed in response to this news, reflecting optimism about Bessent's potential impact on economic policy. Bessent, known for his background in finance and his previous role as a chief investment strategist, is expected to bring a pro-growth, deregulatory approach to the Treasury. The market's positive response also comes amidst other economic indicators and news, including reactions to recent employment data, Federal Reserve actions, and ongoing geopolitical developments. The article also touches on broader market trends, with investors weighing the implications of this nomination against other economic factors like inflation rates, interest rates, and global economic recovery from the effects of the global health crisis.

Read the Full MarketWatch Article at [ https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-climb-after-trump-picks-bessent-to-be-treasury-secretary-nominee ]
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