Stocks surge to record highs after Trump's Treasury Secretary pick; positive.

From Nasdaq: 2024-11-25 16:24:26

The Dow and S&P 500 hit record highs on Monday, with the Dow surging over 440 points. Small-cap stocks also saw gains thanks to Trump’s Treasury Secretary pick, Scott Bessent. Treasury yields and the U.S. dollar dropped as a result.

Intel is close to securing an $8 billion grant for chip manufacturing expansion. A ceasefire between Israel and Hezbollah is expected within 36 hours. Software stock surges, Target stock named a “top pick,” and Bath & Body Works reports strong earnings.

Oil prices fell 3.2% to $68.94 per barrel on Monday due to nuclear threats from Russia. Gold prices are down 3.4% near $2,620.80 an ounce amid reports of an Israel-Hezbollah ceasefire.



Read more at Nasdaq: Stocks Surge as Trump Names Newest Cabinet Pick