Investors still struggling to process the implications of a new administration in Washington, D.C., seem soothed by the Treasury secretary again. But stocks closed mixed on Thursday ahead of a critical earnings announcement from a Mag 7 stock. And an old-school industrial conglomerate's plans for the future generated some big questions about present value.
"He and I are focused on the 10-year Treasury," said Treasury Secretary Scott Bessent of his and President Donald Trump's economic policy priorities in an interview with Fox Business on Wednesday. "He is not calling for the Fed to lower rates."
