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U.S. stock and bond markets love Trump’s pick of Bessent for Treasury — here’s why

U.S. stock and bond markets love Trump's pick of Bessent for Treasury — here's why

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, D.C., June 7, 2024.

Stefani Reynolds | Bloomberg | Getty Images

The U.S. stock market appeared to cheer President-elect Donald Trump’s presumptive nominee for Treasury secretary, who told CNBC earlier in November that he sees an era of strong growth and lower inflation ahead.

Stock market futures rose and Treasury yields tumbled early…


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Some Democrats back Trump pick Rubio for secretary of State but remain critical of Hegseth, Gabbard and Gorka

Some Democrats back Trump pick Rubio for secretary of State but remain critical of Hegseth, Gabbard and Gorka