Key Takeaways
- The Dow and S&P 500 climbed to grounds highs Monday arsenic stocks resumed their post-election rally.
- Bath & Body Works shares took disconnected aft nan individual attraction items retailer hit profit and income estimates and raised its outlook.
- Bond yields sank, helping assistance shares of companies delicate to liking rates, specified arsenic location builders for illustration D.R. Horton.
The Dow and S&P 500 climbed to grounds highs Monday arsenic stocks resumed their post-election rally and investors digested President-elect Trump’s action of Key Square Group laminitis Scott Bessent to beryllium Treasury Secretary. The Nasdaq was small changed.
Bond yields sank, helping assistance shares of companies delicate to liking rates, specified arsenic location builders for illustration D.R. Horton (DHI). Shares of Enphase Energy (ENPH) and different star powerfulness companies that use from little borrowing costs besides rose.
Bath & Body Works (BBWI) shares took disconnected aft nan individual attraction items retailer beat profit and income estimates and raised its outlook connected beardown shop traffic, customer loyalty, and optimism astir nan upcoming vacation season.
Shares of defense contractors Lockheed Martin (LMT) and Northrup Grumman (NOC) fell aft Elon Musk, who is starring Trump’s caller Department of Government Efficiency (DOGE), suggested connected X that buying parented subject craft was wasteful.
Shares of Oneok (OKE) dropped aft nan earthy state supplier agreed to salary $4.3 cardinal for EnLink Midstream.
Oil and golden futures tumbled. The U.S. dollar mislaid crushed to nan euro, pound, and yen. Prices for astir awesome cryptocurrencies were mixed.