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.
Stock Market Today: Dow futures climb 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.
Transcript: Wall Street’s ‘sigh of relief’ over Trump’s Treasury pick
This is an audio transcript of the FT News Briefing podcast episode: ‘Wall Street’s “sigh of relief” over Trump’s Treasury pick’ Kasia Broussalian Good morning from the Financial Times. Today is Monday,
Stock market today: World shares mostly gain after Trump picks billionaire for Treasury post
Shares climbed in Europe and Asia on Monday, tracking last week’s gains on Wall Street, and analysts said investors were viewing President-elect Donald Trump’s choice of billionaire investor Scott Bessent as his nominee for Treasury secretary as a relatively market-friendly choice.
Prominent investor Scott Bessent picked as Trump's treasury secretary
President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as U.S. Treasury secretary.
Stock market today: Wall Street climbs after Trump picks Bessent for Treasury post
Treasury yields eased after President-elect Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury Secretary. Bessent has advocated for reducing the U.S. government’s deficit.
Wall St set for strong open as Trump's Treasury selection boosts sentiment
Wall Street's main indexes were poised to open higher on Monday, driven by investor optimism following Scott Bessent's nomination as Treasury Secretary in the incoming Trump administration. President-elect Donald Trump ended weeks of speculation when he named his choice late on Friday,
What's News Podcast: Markets Cheer Trump’s Treasury Secretary Pick
In Whats News, the WSJ’s Alex Frangos discusses how hedge-fund manager Scott Bessent is seen as a more predictable pick to lead the Treasury Department. Meantime, Donald Trump
Who is Trump's treasury secretary pick, Scott Bessent?
Scott Bessent, a billionaire hedge fund manager who has helped fundraise for Donald Trump, is the president-elect's choice to lead the Treasury Department.
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