US stocks are off to the races Monday morning, the Dow Jones Industrial Average (^DJI) paving the way higher by over 1% at the session's start. All this comes after President-elect Donald Trump tapped Scott Bessent for the role of US Secretary of the Treasury.

Morning Brief host Brad Smith and Yahoo Finance markets and data editor Jared Blikre report on this morning's market moves, especially as the Russell 2000 (^RUT) approaches a new record high and the 10-year Treasury yield (^TYX, ^TNX, ^FVX) falls this morning.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.