U.S. stock indexes rose to a record high on Monday, following last week’s rally on optimism about proposed tax cuts and expectations for an easier regulatory environment following the tax cuts. Donald Trump He went on to win the US presidency.

Market sentiment is also high after the Federal Reserve cut interest rates last week to support the economy.

Dow Jones Industrial Average increased 390.08 points (0.89 percent) to 44,379.07 points, Standard & Poor’s 500 Index increased 13.36 points (0.22 percent) to 6,008.90 points, Nasdaq Composite Index increased 1.11 points (percent). 0.01) decrease to 19,285.66 points rose.

Elon Musk’s Tesla rose 8.4 percent.

Shares of Goldman Sachs and JPMorgan Chase rose 2.7 percent and 1.5 percent, respectively.

Trump Media and Technology Group shares rose 4.1 percent.

The world’s largest cryptocurrency in the crypto market bitcoin It rose above $82,000 for the first time. It reached a record high of $82,493 in early trading, according to CoinDesk.

Trump promised to make the US the crypto capital of the world.

Crypto stocks such as Coinbase Global gained 12.6 percent, while bitcoin miners MARA Holdings and Riot Platforms gained 16.7 percent and 15.8 percent, respectively.

The bond market was closed on Monday for Veterans Day.

This week, investors’ focus will be on consumer price inflation and retail sales data.

Crude oil

Oil prices fell nearly 2 percent on Monday as the U.S. dollar rose and China’s stimulus plan disappointed investors.

Brent crude futures were down $1.83, or 2.48 percent, at $72.04 a barrel by 1444 GMT, while U.S. West Texas Intermediate crude futures were down $1.91, or 2.71 percent, at $68.47 a barrel.

Bullion

gold prices It lost more than 2 percent against the strong US dollar on Monday.

Spot gold fell 2.3 percent to $2,666.48 per ounce as of 10:12 a.m. ET (1511 GMT). US gold futures fell 2.42 percent to $2,629.40.

Spot silver fell 2.3 percent to $30.58 per ounce.