Investors are optimistic about President-elect Donald Trump's nomination of Scott Bessent as Treasury Secretary. Bessent, a seasoned Wall Street figure, is perceived as a proponent of reduced tariffs, which could alleviate inflation concerns. His appointment suggests a potential moderation of Trump's aggressive tariff policies, aligning with market interests in sustaining stock market growth. This move is seen as a strategic effort to bolster economic performance and enhance Trump's presidential legacy

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