Stock Market Today: Stocks surge as markets react to Trump treasury pick
U.S. stocks powered higher in early Monday trading, while the dollar had its biggest pullback in two weeks and Treasury bonds rallied, as markets reacted to President-elect Donald Trump choice for treasury secretary ahead of a holiday-shortened week.
Stock market today: Asian shares mostly gain after Trump picks billionaire for Treasury post
BANGKOK (AP) — Shares climbed in 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.
7hon MSNOpinion
Bessent’s reputation is that he is a “fiscal hawk,” and his stated goal is to cut the federal budget deficit roughly in half ...
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Dan Irvine is an investment manager covering market trends ... According to data from the United States Treasury Department, 2023 deficit spending stands at an overwhelming $1.7 trillion.
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