Monday brought a broad advance as investors cheered Trump’s decision to nominate Bessent, the founder of Key Square Group. The Russell 2000 jumped 1.47% and surpassed a prior all-time high set in 2021 at session highs. More than 3 out of every 4 S&P 500 stocks traded higher in the session.

Stocks rallied and yields plunged as markets cheered Scott Bessent as Trump's pick to run the Treasury. The Dow and the Russell 2000 hit fresh records.

U.S. stocks rose Monday, with those benefiting the most from lower interest rates and a stronger economy leading the way. The S&P 500 climbed 0.3% to pull closer to its all-time high set two weeks ago.

Former hedge fund manager Scott Bessent is seen as a steady hand to lead the Treasury Secretary with his deep market expertise.

Dow contracts touched a record high on Monday, leading gains among U.S. stock index futures, fueled by investor optimism over Scott Bessent's nomination as Treasury Secretary. Donald Trump ended weeks of speculation when he named his choice late on Friday,

Stocks are shrugging off a new Trump tariff threat as the President-elect vows sweeping levies on the biggest U.S. trading partners.