Market Pulse Archives

Nov. 23, 2020, 3:18 p.m. EST

Dow heads to session highs Monday as ex-Fed boss Yellen seen as Biden's pick for Treasury Secretary

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    S&P 500 Index (SPX)
  • X
    NASDAQ Composite Index (COMP)

or Cancel Already have a watchlist? Log In

By Mark DeCambre

U.S. stocks were trading near session highs on Monday as investors digest a report that former Federal Reserve boss Janet Yellen would be President-elect Joe Biden's pick for Treasury Secretary, the Wall Street Journal reported . If confirmed, Yellen would become the first woman to hold the post, taking over from Steven Mnuchin, the Journal reported. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.94% was up nearly 400 points, or 1.3%, at 29,642, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.92% was trading 0.7% higher at 3,583, while Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.94% climbed 0.5% at around 11,913. Biden had promised to make his nomination for Treasury known around Thanksgiving, which is three days away. Biden last week said he believed his pick would be widely accepted by conservatives, moderates and progressives alike. Market participants are anticipating a greater likelihood that the 74-year-old Yellen will pursue further economic stimulus to help out-of-work Americans and troubled businesses.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,815.90
-321.41 -0.94%
Volume: 344.47M
April 22, 2021 4:20p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,134.98
-38.44 -0.92%
Volume: 2.38B
April 22, 2021 4:20p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
13,818.41
-131.81 -0.94%
Volume: 3.96M
April 22, 2021 4:38p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.