Wall Street extends post-election gains; Bitcoin hits fresh record high
Wall Street traders on Monday kicked off a busy week by extending last week's stock rally, while oil prices declined and bitcoin raced to a new record high.
The Dow Jones Industrial Average rose 0.92%, to 44,395, the S&P 500 gained 0.20% to 6,007 while the Nasdaq Composite fell 0.11%, to 19,265.
Stocks head towards year-end on a solid footing, with the benchmark S&P 500 index about 26% year-to-date as AI enthusiasm and the start of Fed rate cuts support an upbeat outlook.
Focus will be on U.S. consumer price inflation data on Wednesday, as well as a raft of other data this week for more indications on the health of the economy and outlook for interest rates.
The dollar traded not far from last week's four-month peak versus other major currencies with a parade of Federal Reserve speakers also due to speak this week, including Chair Jerome Powell on Thursday.
Source: Reuters
