Wall Street's Rollercoaster: Post-Election Surge and Market Dynamics

U.S. stock index futures rose as markets extended post-election gains. Tesla and crypto stocks like Coinbase surged, boosted by political changes and economic prospects. Key focus remains on upcoming economic data, which will influence interest rates and the market's trajectory as the year-end nears.

U.S. stock index futures climbed on Monday, continuing gains made after the recent election, as investors awaited crucial economic data that could impact the ongoing equity rally.

Electrifying moves were seen with Tesla's shares jumping 6.5% in premarket, marking a significant milestone by reaching a $1 trillion market value for the first time since 2022. Additionally, futures linked to the small-cap Russell 2000 rose by 1.3%, driven by expectations that President-elect Donald Trump's proposed tax cuts and relaxed regulations would benefit this sector.

Euphoria was visible across major indexes, with the S&P 500 experiencing its best week in a year, briefly crossing the 6,000 mark. Meanwhile, crypto stocks exhibited notable rises as bitcoin surpassed $81,000, fueling a surge in related equities like Coinbase, which jumped 16.3%, and investments in bitcoin mining companies.

(With inputs from agencies.)