Stock Market Today: Dow, S&P 500 on track for records after Trump picks Bessent to be Treasury secretary nominee
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.
U.S. stock and bond markets love Trump's pick of Bessent for Treasury — Here's why
Markets looked favorably Monday morning on President-elect Donald Trump's presumptive nominee for Treasury secretary, as equity futures rose and Treasury yields fell. The move to put hedge fund magnate Scott Bessent in the position now held by Janet Yellen sent a message that Trump wants someone with strong market credentials as well as a similar philosophy for the role.
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Marathon Oil is being dropped because it will be purchased by ConocoPhillips in a deal expected to close on Nov. 22.
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