U.S. stocks hit all-time high for Wall Street-born Treasury Secretary

Dow Jones 30, Up 0.99% At 44,736.57…Also, the all-time high
S&P 500 (0.30%↑) and Nasdaq (0.27%↑) closed higher
U.S. Treasury Prices Rise...Return of 4.26% (0.16%p↓)

[Anchor]
The New York Stock Exchange has hit another record high.

The nomination of a candidate for the next U.S. Treasury secretary from Wall Street has been a boon, with U.S. stocks and bond markets strengthening together.

Reporter Shin Woong-jin's report.

[Reporter]
The Dow Jones 30 Industrial Average jumped 440.06 points, or 0.99%, to 44,736.57, breaking an all-time high.The

S&P 500 rose 0.30% to 5,987.37, while the Nasdaq closed 0.27% higher at 19,054.84.

The decline in yields, meaning higher government bond prices, came as concerns about deteriorating U.S. fiscal health declined.

The yield on the 10-year U.S. Treasury note plunged 0.16% points to 4.26% at the close of the New York Stock Exchange, compared to the previous trading day.

The nomination of Scott Bessent from Wall Street as the next Treasury secretary was a boon for both the stock and bond markets.

The expectation was that Bessent would become a bridge between the White House and Wall Street and control the downgrade of radical tariff policies.

[Matt Stucky / Northwestern Mutual Fund Manager] If you look at the market movement today, I think it started in the bond market. Bond markets reacted well to Treasury Secretary Scott Bessent's nomination.

International oil and gold prices fell on speculation that Israel and Hezbollah would soon cease-fire.

Brent crude futures fell 2.87% from the previous session at $73.01 a barrel, while West Texas Intermediate fell 3.23% to $68.94 a barrel.The spot closing price of

gold was down 3.22% at $2,625.22 an ounce.

I'm YTN's Shin Woongjin.

Video editing;Seo Young-mi