Stock Market Today: Stocks Enjoy a Bessent Boost
Bath & Body Works(BBWI) Kiplinger.com·2024-11-26 05:06
Stocks jumped at Monday's open and bond yields retreated as markets welcomed President-elect Donald Trump's nomination of Scott Bessent to be his Treasury secretary. The Dow Jones Industrial Average closed at a new all-time high and the S&P 500 hit a new intraday high early in the opening session of a holiday-shortened week highlighted by a packed economic calendar.In a Friday evening post on Truth Social, Trump described Bessent, the former chief investment strategist of Soros Fund Management, as "one of t ...