Wall Street's Record Rally Extends Post-Election Gains

Wall Street indexes hit record highs as post-election gains continue, fueled by key economic data. Tesla and financial stocks boost consumer and financial sectors, while crypto stocks soar. The Federal Reserve's interest rate cut supports market optimism amidst upcoming economic indicators.

Wall Street's major indexes soared to new record highs on Monday, continuing the rally sparked by recent U.S. election results, as traders anticipated essential economic data releases. Key stocks, including Tesla, which surged 6.7%, maintained their upward momentum.

Consumer discretionary shares hit fresh peaks, with the sector climbing 1.3%, while financial stocks like Goldman Sachs and JPMorgan Chase also experienced significant gains. The Dow climbed 390.08 points to 44,379.07, while the S&P 500 rose 13.36 points to 6,008.90.

Cryptocurrencies also surged, with bitcoin exceeding $81,000, propelling crypto stocks such as Coinbase Global and bitcoin miners MARA Holdings and Riot Platforms. The Federal Reserve's recent interest rate cut bolstered investor confidence, with close attention on upcoming inflation data.

(With inputs from agencies.)