Stock Market Update: Dow Hits New Highs as Bitcoin Surpasses $87,000

Reported 13 days ago

The stock market saw significant gains on Monday, with the Dow Jones Industrial Average closing above 44,000 and the S&P 500 surpassing 6,000 for the first time, boosted by optimism surrounding a Trump administration that may reduce corporate taxes and deregulate industries. Bitcoin also surged, reaching an all-time high of nearly $87,000, while Tesla's stock continued to rise amid favorable investor sentiment. However, caution about the sustainability of this rally lingered as markets awaited consumer inflation data.

Source: YAHOO

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