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Kiplinger
Kiplinger
Business
Joey Solitro

What Scott Bessent's Treasury Secretary Nomination Means for Investors

Scott Bessent Donald Trump
Scott Bessent, founder and chief executive officer of Key Square Group LP, at an interview during the Republican National Convention in Milwaukee, Wisconsin, US, on Tuesday, July 16, 2024.

The stock market is comfortably higher to start the short trading week after President-elect Donald Trump late Friday nominated Scott Bessent to serve as the 79th Treasury Secretary of the United States.

In a post on Truth Social, President-elect Trump said Bessent is "one of the world's foremost international investors and geopolitical and economic strategists. Scott's story is that of the American Dream." 

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