The Dow closed above 44,000 for the first time ever on Monday while the S&P 500 (^GSPC) also closed above its own milestone, the 6,000 mark as the markets continued with their post-election rally.

Investor euphoria over an incoming Trump administration that could mean lower corporate taxes, looser capital and merger rules as the 'Trump trade' remained in tact.

Bitcoin (BTC-USD) touched $87,000 and shares of Tesla (TSLA) jumped for a fifth straight session.

Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) closed above the flatline after trading in negative territory for most of the session as Nvidia (NVDA), Apple (AAPL), and Meta (META) lagged.

Monday's sector action showed Tech (XLK) stocks lagging while Consumer Discretionary (XLY) and Financials (XLF) gaining as 'Trump trade' momentum continued.

Shares of AI chip heavyweight Nvidia (NVDA) fell as much as 2% during the session. Other key laggards included Apple (AAPL), and Meta (META).

Meanwhile the S&P 500 Consumer Discretionary Sector, which houses EV maker Tesla (TSLA), touched new highs on Monday on the heels of last week's presidential election.

The Financials sector also hit new highs Monday as bank stocks rose on expectations of looser capital and merger rules under a Trump administration.

Bitcoin (BTC-USD) soared more than 8% to traded above its newest record —$86,000.

The cryptocurrency has been on fire on the heels of last week's presidential elections.

As Yahoo Finance's Josh Schafer points out, President-elect Donald Trump's promises to the industry include appointing a crypto Presidential Advisory Council, firing SEC Chair Gary Gensler, and creating a "strategic national bitcoin stockpile.

Tesla stock (TSLA) pared gains in afternoon trading after surging as much as 10% during Monday's session.

Shares were still up more than 6% past 1:30 p.m. ET.

Investors poured into the stock amid optimism that the electric vehicle maker will be a big winner under the Trump administration.

"We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years," Wedbush analysts led by Dan Ives wrote in a new note to clients on Monday.

Meanwhile, hedge funds clinging to bets against the stock after last week's presidential election were heavily in the red.

Read more here.

Oil futures dropped as much as 3% on Monday as the US dollar rose and weaker-than-expected economic data out of China fueled demand concerns from the world's largest crude importer.

On Wednesday, West Texas Intermediate (CL=F) futures hovered around $68 per barrel, while Brent (BZ=F), the international benchmark, traded just below $72 per barrel.

A rising dollar (DX-Y.NYB) also put pressure on commodities invoiced in the US currency.

Meanwhile, data released over the weekend showed Chinese consumer prices rose at their slowest pace in four months in October, raising fears of deflation and the ineffectiveness of government stimulus efforts to boost the economy.

Tech stocks lagged on Monday, holding the Nasdaq Composite (^IXIC) back from the rest of the market euphoria.

With the exception of (TSLA) gaining for a fifth straight session, the rest of the "Magnificent Seven" stocks were under pressure.

Shares of AI chip heavyweight Nvidia (NVDA) fell more than 1.5%. Other key laggards included Apple (AAPL) and Meta (META).

The Nasdaq struggled between positive and negative territory throughout Monday's session.

Bitcoin (BTC-USD) neared the $85,000 level on Monday — briefly trading just a stone's throw away from the major milestone.

By 11:35 a.m. ET, the cryptocurrency was at around $84,250, up more than 5% over the past 24 hours.

Yahoo Finance's Ben Werschkul reports:

The House of Representatives is highly likely to be under GOP rule next year, cementing Republicans' unified control of power across Washington.

The party currently needs just four seats to maintain its lower chamber majority, and current vote totals show Republicans ahead in eight of the 18 still undecided contests, according to the latest Associated Press tabulations.

GOP leaders are now openly planning their agenda. Here's what they say is on their list from Day One.

Read more here.

Bitcoin (BTC-USD) just touched another record milestone — the $83,000 level.

Yahoo Finance's Josh Schafer reports:

Bitcoin (BTC-USD) reached a record high on Monday, trading north of $82,400 on Monday morning and pushing several names in the stock market tied to the crypto trade and the post-election Trump rally higher to start the week.

Coinbase (COIN), which offers cryptocurrency trading on its platform, was up more than 13% early Monday and has now soared about 65% in the past five trading sessions.

Similarly, Robinhood (HOOD), which also facilitates crypto trading, saw its stock rise more than 8% on Monday and is now up more than 36% over the past five days.

Read more here.

Stocks on Veterans Day opened at all-time highs as market euphoria continued following the presidential election and the Fed's latest rate cut last week.

The Dow Jones Industrial Average (^DJI) led the way higher, up roughly 0.6%, while the S&P 500 (^GSPC) moved up 0.3%. The tech-heavy Nasdaq Composite (^IXIC) added about 0.3%.

Two of the biggest "Trump trades" to watch on Monday were bitcoin (BTC-US), which touched a new all-time high of $82,000, and Tesla (TSLA), which gained for a fifth straight session.

The EV maker's stock topped $1 trillion in market value on Friday. CEO Elon Musk was a major political supporter of Trump, helping him get elected.

On Monday, Wedbush analysts raised their price target on Tesla's stock to a Wall Street high while maintaining an Outperform rating.

"We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years," Wedbush managing direction Dan Ives wrote in a note.

Today, on Veteran's Day, stock markets are open and pointing to further post-election gains amid big moves in digital assets. Tesla (TSLA) shares surged more than 7% in premarket trading, fueled by optimism over CEO Elon Musk's relationship with President-elect Donald Trump. Meanwhile, bitcoin (BTC-USD) hit a new milestone, surpassing $82,000 as Trump’s pro-crypto stance and a Congress with more crypto-friendly lawmakers spark investor enthusiasm.

Here are some of the biggest stories you may have missed over the weekend and early this morning:

OpenAI pursues shift that could put Nvidia dominance at risk

Trump's presidency carries plenty of market risk, experts warn

Tesla stock extends rally as Musk-Trump alliance fuels gains

The US ordered TSMC to halt AI chip shipments to China: Source

Bitcoin tops $82,000 as Trump win lifts crypto prospects

YF Columnist Janna Herron: One of the biggest election factors is also one of the most misunderstood — inflation

Trump presidency likely won't be a problem for Nvidia's stock

China Nears Record $1 Trillion Trade Surplus as Trump Returns