Dow Jones Industrial Average hits record high as bank stocks rally

The Dow Jones Industrial Average closed at a record high on Monday, boosted by bank stocks amid optimism about President-elect Donald Trump's fiscal policies. The index rose 316.26 points, reaching 44,305.25. Tesla's market value surpassed $1 trillion, driven by expectations of benefits from Trump's administration. The S&P 500 and Nasdaq also saw gains, with the S&P 500 up nearly 4% since the election. Bitcoin reached a record $87,000, lifting crypto stocks. Investors are awaiting consumer price inflation data and other economic indicators this week, following a recent interest rate cut by the Federal Reserve.