From Investing.com: 2024-11-11 14:51:42

Wall Street indexes were mixed near record highs on Monday, with Tesla surging ahead. Tesla jumped almost 9% and reached a $1.1 trillion market value due to bets on CEO Elon Musk’s ties to Trump. The S&P 500 financial index and small-cap Russell 2000 also saw gains. Microsoft, Amazon, and Meta Platforms dipped almost 1%. The Nasdaq retreated after hitting a record high, while the S&P 500 was up 0.09%. Crypto stocks rallied as bitcoin soared past $84,000, with Coinbase Global jumping 22%. Investors are watching inflation data and other key indicators for signals on the economy and monetary policy. The Federal Reserve cut interest rates last week, with a 65% chance of another cut in December. Advancing issues outnumbered falling ones in the S&P 500.



Read more at Investing.com: Wall Street hovers at record highs; Trump-linked stocks extend gains By Reuters