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U.S. stocks rallied to record highs following President-elect Donald Trump’s Treasury secretary pick, Scott Bessent, who is viewed favorably by Wall Street. The S&P 500 rose 0.3%, with small-cap stocks outperforming, while bond yields fell. Trump announced plans for increased tariffs on imports from China, Mexico, and Canada, which could impact trade relations.
U.S. stocks rallied to record highs following President-elect Trump's Treasury secretary pick, Scott Bessent, whose market-friendly approach has garnered investor approval. The S&P 500 rose 0.3%, with small-cap stocks outperforming, while bond yields fell significantly. Intel is also nearing substantial government contracts, adding to positive market sentiment.
The Swiss stock market closed slightly up, with the SMI at 12,184.00 points, remaining below the 12,200 mark. Investors reacted to interim results from major companies like Holcim and SGS, while Wall Street gained ground due to falling bond yields and improved consumer confidence in the U.S. Business sentiment varied across Europe, with Germany showing slight improvement and Italy experiencing a significant decline.
Quincy Krosby
People
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markets rally as investors back trump's treasury secretary pick scott bessent
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08:30 26.11.2024
markets rally as investors back trump's treasury secretary pick scott bessent
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02:13 26.11.2024
swiss stock market remains stable as investors assess quarterly results
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18:13 25.10.2024
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