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Stock Market Today: Dow scores record close as Trump Treasury pick calms bond traders

Stock Market Today: Dow scores record close as Trump Treasury pick calms bond traders


Published on 2024-11-25 17:32:45 - 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 economic policies. Bessent, known for his background in finance and his previous role as a chief investment strategist, is expected to advocate for tax cuts, deregulation, and possibly a more aggressive stance on inflation. The market's positive reaction suggests investors anticipate a business-friendly environment under Bessent's potential leadership. Additionally, the article touches on broader market trends, including reactions to recent economic data, Federal Reserve actions, and geopolitical developments, all of which contribute to the current market dynamics.

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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