Elon Musk criticized him as the "business-as-usual choice" for Treasury, but markets are cheering on routine. President-elect Donald Trump announced Scott Bessent is his pick for Treasury secretary, ending an internal battle over the top economic post that some described as a knife fight.  But there’s a bullet point in Bessent’s resume that has rubbed some on the Right the wrong way. He's the former chief investment officer for liberal billionai…

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New York

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Wall Street Likes Trump’s Pick for Treasury

A potential Israel-Hezbollah ceasefire agreement and Bessent's appointment were the key contributors to the bullion selloff, experts said.

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Roberts family

Gold plunges 3% as Trump Treasury pick and potential Israel-Hezbollah truce fuel risk-on mood

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Leon Cooperman

Allianz

Canada

To Wall Street, Trump's Pick to Run Treasury Needs No Introduction

REUTERS/Dario Cantatore/NYSE EuronextUS stocks rallied, led by the Dow Jones, after Scott Bessent's nomination to run the Treasury Deparment.Bessent is seen as a stabilizing, pro-market force that could counter some of Trump's inflationary policies. Investors are eyeing key data releases in the holiday-shortened trading week, including PCE and GDP data.US stocks extended their rally on Monday, led by the Dow Jones Industrial Average, which surge…

Business Insider

Stock market today: Dow surges 440 points to record high as investors cheer Bessent as Treasury pick

“If you felt a gust of wind from out of the Northeast, it was the collective sigh of relief coming from New York’s financial district over Donald Trump’s selection of Scott Bessent to lead Treasury,” Politico reports. “After a series of unorthodox Cabinet picks that shocked the policy world, Trump’s choice of the 62-year-old hedge fund executive is being praised by Wall Street heavyweights who had hoped the president-elect would select a more tr…

Goddard Media LLC

Hedge fund manager Scott Bessent is set to become US Treasury Secretary, and traders on Wall Street are reacting with euphoria. However, Bitcoin is experiencing slight turbulence on its upward trajectory due to profit-taking.

Der Hedgefondsverwalters Scott Bessent soll US-Finanzminister werden, die Händler an der Wall Street reagieren geradezu euphorisch. Der Bitcoin gerät auf seinem Höhenflug allerdings durch Gewinnmitnahmen in leichte Turbulenzen.

Dow auf Allzeithoch: Wall Street jubelt über Trumps Finanzminister

n-tv.de

Bertelsmann Stiftung

Dow at all-time high: Wall Street cheers for Trump's finance minister

Follow along to MarketWatch’s coverage of financial markets on Monday.

MarketWatch

Murdoch family

Stock Market Today: Dow futures climb after Trump picks Bessent to be Treasury secretary nominee

Analysts note that investors have positively accepted Trump's choice for the position of finance minister

Οι αναλυτές διακρίνουν ότι επενδυτές αποδέχθηκαν θετικά την επιλογή Τραμπ για τη θέση του υπουργού Οικονομικών

Τι σημαίνει για τις αγορές η επιλογή Τραμπ για το υπουργείο Οικονομικών

in.gr

Greece

What Trump's Treasury Pick Means for Markets

Wall Street closed Monday's day with solid profits and a new historic record at the Dow Jones de Industriales, driven by Scott Bessent's announcement as candidate for President-elect Donald Trump to lead the Treasury Department. At the close of the session, the Dow advanced 0.99%, reaching 44,736 points. Meanwhile, the S&P 500 climbed 0.30%, to 5,987 units, while the Nasdaq won 0.27%, standing at 19,054 points.On Friday, and after days of specul…

Wall Street cerró la jornada de este lunes con sólidas ganancias y un nuevo récord histórico en el Dow Jones de Industriales, impulsado por el anuncio de Scott Bessent como candidato del presidente electo, Donald Trump, para liderar el Departamento del Tesoro. Al cierre de la sesión, el Dow avanzó un 0,99%, alcanzando los 44.736 puntos. Por su parte, el S&P 500 subió un 0,30%, hasta 5.987 unidades, mientras que el Nasdaq ganó un 0,27%, situándos…

Wall Street inicia la semana al alza y con un nuevo récord en el Dow Jones

20minutos

Madrid

Community of Madrid

Spain

Wall Street starts the week up and with a new record on the Dow Jones

With the stock market surging Monday morning after U.S. President-elect Donald Trump's nomination of hedge fund manager Scott Bessent to be treasury secretary, some Wall Street executives said they were celebrating a "reasonable" pick who would moderate some of Trump's most extreme proposals.But economic justice advocates and experts said the jubilation was likely over expectations that Bessent will deliver "trillions in tax cuts to the ultra-we…

Alternet

John K. Byrne

Michael Rogers (publisher)

Washington

District of Columbia

Wall Street cheers Trump's Treasury pick — a corporate tax cut proponent

Dow contracts touched a record high on Monday and led gains among U.S. stock index futures, on investor optimism driven by Scott Bessent's nomination as Treasury Secretary in the incoming Trump administration.

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New Hampshire

Dow futures hit record high buoyed by Trump's Treasury nomination

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Former Democratic donor and Soros partner is Trump's pick for Treasury

Former Democratic donor and Soros partner is Trump's pick for Treasury

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