Wall Street has started the shortened holiday week on a positive note, with major market indices showing a bullish trend. Investors and traders are reacting to President-elect Donald Trump’s appointment of Scott Bessent as the new US Treasury Secretary.
The news is expected to have a significant impact on the financial markets, although details about Bessent’s policies and plans for the treasury department are still unclear. As the day progresses, market sentiment is likely to continue trending upward, with traders closely monitoring developments in Washington.
For now, investors appear cautiously optimistic about the nomination, which could signal a shift in economic policy under Trump’s administration. The stock market is eagerly awaiting further guidance from Bessent and the incoming government on key issues such as trade, taxation, and monetary policy.
Source: https://seekingalpha.com/news/4330663-dow-sp-nasdaq-advance-while-yields-slide-at-the-start-of-the-holiday-shortened-week