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Stocks jump as Biden begins transition, picks cabinet members—Here's what experts are watching

U.S. stocks tick higher as the Trump administration begins the transition process for President-elect Joe Biden. The move higher also comes after Biden named cabinet picks, including a nomination for former Federal Reserve Chair Janet Yellen to be Treasury Secretary. Many investors view Yellen as a market-friendly pick considering that she oversaw the U.S. central bank during a long economic expansion with historically low-interest rates. She's also likely to push for further fiscal stimulus.
06:58
Tue, Nov 24 202011:09 AM EST
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