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Market Gains Amid Treasury Nominee Buzz and Falling Yields
Episode 3025th November 2024 • Market Deep Dive • Daily Deep Dives
00:00:00 00:13:40

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The stock market surged today, fueled by optimism over President-elect Trump’s nomination of Scott Bessent as Treasury Secretary. Gains spanned multiple sectors, even as some mega-cap stocks saw declines. Key factors included falling Treasury yields and the success of a 2-year note auction. In this episode of Market Deep Dive, we analyze the market’s response to speculation about Bessent's economic policies and preview upcoming economic data releases and Fed meeting minutes. Plus, a look at individual stock performances, with Bath & Body Works exceeding expectations and Macy’s falling short. Tune in for a comprehensive breakdown of the day’s events shaping the financial landscape.

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