Stock Futures Jump Higher After Trump Names Wall Street Ally Bessent Treasury Secretary

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Stock Futures Jump After Trump Names Wall Street Ally Bessent Treasury Secretary

Stock futures were pointing to further gains connected Monday, with the marketplace cheered by President-elect Donald Trump choosing Wall Street seasoned Scott Bessent to caput up the Treasury Department.

Futures tracking the Dow Jones Industrial Average climbed 286 points, oregon 0.6%, aft the scale eked retired another grounds close Friday. S&P 500 futures roseate 0.5%, and Nasdaq 100 futures were up 0.6%.

Investors are feeling bullish astir Trump nominating Bessent. The hedge money manager is expected to enactment Trump’s plans to hike tariffs and slash taxes, but is besides expected to promote the president-elect to rein successful authorities spending successful a bid to code the mounting U.S. deficit.

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