Wall Street rose to new records on Monday, with the S&P 500 climbing 0.5% and the Dow Jones Industrial Average rising 0.1%. Tesla saw a 3.6% increase after Elon Musk purchased roughly $1 billion in stock, signaling confidence in the company. Alphabet boosted the S&P 500, pushing Google’s parent company’s value above $3 trillion. The Federal Reserve is expected to announce an interest rate cut on Wednesday, potentially impacting the job market. Trump has been vocal about wanting rate cuts, while markets are preparing for potential inflation and economic shifts.

In other news, Intel rose 2.9% after adjusting its expense forecast, while Hain Celestial reported a 24.7% drop in stock. Alaska Air Group lost 6.7% due to high fuel costs affecting third-quarter results. Nvidia faced accusations of antitrust violations in China, causing a slight stock decrease. Overall, the S&P 500 rose to 6,615.28, the Dow Jones added to 45,883.45, and the Nasdaq climbed to 22,348.75. Treasury yields eased, with manufacturing activity in New York shrinking unexpectedly. The next economic update will come from U.S. retail sales data on Tuesday. France’s CAC 40 rose 0.9%, while other global markets saw more modest movements.

Read more at Yahoo Finance: Wall Street rises to more records as Tesla vrooms higher