Russell 2000, Dow, S&P 500 All Achieve Record Highs In Wall Street's Historic Day; Bitcoin, Gold Tumble: What's Driving Markets Monday?

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Russell 2000, Dow, S&P 500 All Achieve Record Highs In Wall Street's Historic Day; Bitcoin, Gold Tumble: What's Driving Markets Monday? - Benzinga

Quick Summary:

A mix of easing global geopolitical tensions, post-election bullish momentum and favorable seasonal trends propelled major U.S.stock indices to new record heights during Monday morning trading, marking what could be another historic session on Wall Street.

Investors cheered President-elect Donald Trump's nomination of hedge fund manager Scott Bessent for Treasury Secretary, betting his Wall Street experience could steer fiscal policies toward a pro-market direction.

The S&P 500 and Dow Jones Industrial Average surged to all-time records, hitting intraday highs of 6,020 and 44,815 points, respectively, before paring back some gains.