Wall Street Set for Strong Open as Trump's Treasury Selection Boosts Sentiment

WALL STREET - NEW YORK. Wall Street's main indexes were poised to open higher on Monday, driven by investor optimism following Scott Bessent's nomination as Treasury Secretary in the incoming Trump administration.

President-elect Donald Trump ended weeks of speculation when he named his choice late on Friday, with some investment strategists saying Bessent could take measures to restrain further government borrowing, even as he follows through on fiscal and trade campaign pledges.