Reported about 5 hours ago
The US stock market experienced a significant rally on Monday, with the Dow Jones Industrial Average climbing over 400 points to reach a new record, fueled by optimism surrounding President-elect Donald Trump's selection of Scott Bessent for Treasury Secretary. The S&P 500 and Nasdaq also rose, and small-cap stocks soared, indicating a broad positive sentiment in the market. Investors are now anticipating the upcoming release of the Personal Consumption Expenditures (PCE) index, which could provide further insights into inflation trends.
Source: YAHOO