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- US stocks rallied, led by the Dow Jones, after Scott Bessent’s nomination to run the Treasury Deparment.
- Bessent is seen as a stabilizing, pro-market force that could counter some of Trump’s inflationary policies.
- Investors are eyeing key data releases in the holiday-shortened trading week, including PCE and GDP data.
US stocks extended their rally on Monday, led by the Dow Jones Industrial Average, which surged 440 points and closed at a record.
The S&P 500 and the Nasdaq Composite also gained. The small-cap Russell 2000
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