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International Business Times
International Business Times
Politics
Bruce Golding

HISTORICAL FACTS: Stocks rally in response to trump s choice for next treasury secretary - Caught on Camera

Scott Bessent Donald Trump CNBC Quincy Krosby Dow Jones Industrial Average United States
Traders work on the floor of the New York Stock Exchange in New York City at the opening bell on Nov. 13, 2024. (Credit: ANGELA WEISS/AFP via Getty Images)

Three major stock market indexes hit all-time highs Monday as investors breathed a sigh of relief over President-elect Donald Trump's selection of a hedge-fund founder to serve as his treasury secretary.

The Dow Jones Industrial Average rose 440.06 points, or 0.99%, for the day to close at a record 44,736.57. The S&P 500 and the Russell 2000 also all reached intra-day highs, with more than three of four S&P 500 stocks trading higher during the session, according to CNBC.

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