Reported 10 months ago
U.S. stocks experienced an uptick on Monday, with the Dow Jones Industrial Average reaching new intraday highs, following President-elect Donald Trump's selection of Scott Bessent as Treasury Secretary. The optimism surrounding Bessent's nomination alleviated concerns over potential inflationary policies, leading to a 0.9% rise in the Dow and a notable performance from smaller cap stocks. Investors are also looking ahead to the Federal Reserve's upcoming inflation report, expected to provide insights into interest rate movements.
Source: YAHOO