U.S. stock and bond markets love Trump’s pick of Bessent for Treasury — here’s why
The U.S. stock market appeared to cheer President-elect Donald Trump’s presumptive nominee for Treasury secretary, who told CNBC earlier in November that he sees an era of strong growth and lower inflation ahead.
Stock market futures rose and Treasury yields tumbled early Monday following the announcement late Friday that Trump would pick Scott Bessent, a familiar Wall Street figure, to take on his administration’s most important economic role.