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US Stocks Likely To Open On A Positive Note As Trump's Treasury Secretary Pick Uplifts Investor Sentiment: Expert Says 'Bull Market Is Alive And Well'

Benzinga ·  Nov 25, 2024 20:04

U.S. stocks could get off to a positive start on Monday amid upbeat investor sentiment spurred the Dow Jones to close at a new record high on Friday.

Donald Trump'sTreasury Secretary pick,Scott Bessent, has been cheered by investors. The hedge fund manager told the Wall Street Journal in an interview that he will make Trump's first-term tax cuts permanent, while also eliminating taxes on tips, social security benefits, and overtime pay, fulfilling the President-elect's election promises.

Expectations of a further 25 basis point rate cut in December have fallen to just 56% now, down...

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