The Dow Jones Industrial Average surged over 300 points on Monday, closing at a record 44,293.69 and marking the first time it has crossed the 44,000 mark. This 0.69% gain followed a strong postelection rally, fueled by optimism over the potential regulatory changes expected under President-elect Trump. Meanwhile, the S&P 500 inched up by 0.1% to a record 6,001.35, and the Nasdaq Composite was nearly flat, gaining a modest 0.06% to 19,298.76. Small-cap stocks, represented by the Russell 2000, led with a 1.5% increase, achieving their highest level since 2021.

Economic growth-oriented stocks outperformed, particularly in the banking sector, with JPMorgan Chase, Goldman Sachs, Bank of America, and Citigroup all showing gains. Despite some selling pressure on large tech stocks, such as Apple, Microsoft, and Amazon, Tesla rose sharply by over 9%, continuing its postelection rally. Bitcoin also surged, surpassing $87,000, which buoyed cryptocurrency-related stocks like Coinbase and Mara Holdings, up by 20% and 30%, respectively.

The election week’s gains continue as investors shift portfolios, focusing on economic growth sectors and anticipating a potential softening of regulations in banking and other industries. Inflation data due this week could impact market momentum, with the core CPI expected to reveal October’s price pressures, influencing the Fed’s outlook on reaching its inflation target.