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US stock futures rise; Bessent as Treasury Secretary soothes worries

US stock futures rise; Bessent as Treasury Secretary soothes worries


Published on 2024-11-25 12:51:23 - 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 adviser Scott Bessent is being considered for a senior role at the U.S. Treasury Department. This development has sparked optimism among investors, as Bessent is known for his economic insights and could potentially influence fiscal policy. The market's positive reaction also reflects broader expectations of economic stimulus and policy changes under the Trump administration. Additionally, the anticipation of a more business-friendly environment and potential tax reforms contributed to the bullish sentiment in pre-market trading.

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 ]
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