The Dow, S&P, and Nasdaq kicked off the holiday-shortened trading week on a high note, with all three major indices ending higher. This positive momentum was driven by investors' reactions to President-elect Donald Trump's appointment of Scott Bessent as Treasury Secretary.¹
The Dow Jones Industrial Average led the charge, advancing 0.9%, while the S&P 500 climbed 0.2%, and the Nasdaq Composite edged up 0.1%.² Eight out of eleven S&P sectors ended in the green, with Consumer Discretionary and Real Estate leading the pack.
Meanwhile, U.S. Treasury yields took a dip, with the 2-Year yield falling 10 basis points to 4.27% and the 10-Year yield dropping 13 basis points to 4.26%.
