Wall Street opened higher on Monday. Thanksgiving shortens the market week.
Market sentiment is supported by the future president of the United States Donald Trump the decision to appoint Scott Bessant as finance minister.
The news of the appointment was heard on Friday of last week late in the evening Finnish time.
According to financial channel CNBC, investors were happy about Trump’s choice of minister
of Key Square Group founder Bessent’s selection was welcomed by investors, who see the hedge fund manager as someone who will support the stock market and who may help moderate some of Trump’s most extreme protectionist policy intentions.
“I would recommend that the tariffs be phased in,” Bessent told CNBC in an interview earlier this month before his election.
After the election, interest rates on government bonds fell slightly, and the exchange rate of the US dollar fell.
Department store chain Macy’s announced it was delaying its third-quarter earnings release after an investigation revealed an employee had hidden more than $100 million in expenses.
Operator of specialty trade Bath & Body Works on the other hand, raised its profit per share forecast for the whole year.
The S&P 500 index was up 0.5 percent.
Nasdaq Composite up 0.4 percent.
The Dow Jones Industrial Average index was up 1.0 percent.
Source: www.arvopaperi.fi
