CNBC Daily Open: Investors really like Trump’s Treasury secretary pick

CNBC

Summary

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Stocks were weak after strong gains globally in the previous session following fund manager Scott Bessent being nominated as Treasury Secretary, considered by investors as a voice for Wall Street in Washington.
CNA
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U.S. futures also indicated growth, with the S & P 500 and Dow Jones Industrial Average futures up 0.4 percent and 0.6 percent, respectively.
Newsweek
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The Dow Jones Industrial Average added 440 points, or 1%, to its own record set on Friday, while the Nasdaq composite rose 0.3%.
Voice Of America
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The index had rallied more than 7 per cent from the beginning of last month to Friday, as a big beneficiary of a so-called Trump trade on expectations that his policies of tariffs and tax cuts would drive inflation and put upward pressure on US interest rates.
Irish Times

■ Story #89 ▪

issue 88:88 ▪

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updated 88:88

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