Stock market today: Dow, S&P 500 jump after Trump picks Scott Bessent for Treasury

Published On Nov 25, 2024, 3:05 PM

US stocks experienced a rally following President-elect Donald Trump's selection of Scott Bessent for Treasury Secretary. The Dow Jones Industrial Average reached record highs, buoyed by increased investor optimism. Small cap stocks, particularly represented by the Russell 2000, saw significant gains, reflecting positive sentiment in the market. Investors are also awaiting key inflation data due to be released soon, which could influence future monetary policy from the Federal Reserve.