U.S. stocks rise as investors greet the appointment of Scott Bessent to lead the Treasury Department, on hopes he could blunt some potentially inflationary policies.
Super Micro Computer adds 16% to a winning streak started when it cleared a regulatory issue with Nasdaq and rose 78% last week. Bath & Body Works rises 17% after the retailer beats earnings forecasts and raises its guidance. Treasury yields and the dollar decline, ahead of a heavy flow of data before Thanksgiving.
The DJIA gains 440 points, or 1%, to 44737, its 45th record this year. The S&P and Nasdaq rise slightly, to 5987 and 19055, respectively.
Source: Marketwatch
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