US stocks hit record highs as SpaceX achieves Starship landing

US stocks reached new highs on Monday, with the S&P 500 and Dow Jones Industrial Average both closing at record levels. This follows SpaceX's successful landing of its Starship rocket, marking a significant milestone in space exploration. Analysts are examining the S&P 500's price-to-earnings ratio, which has risen above what some consider fair value. Despite this, some experts believe that strong earnings growth in individual stocks may support further market gains. In the cryptocurrency market, Bitcoin and Ethereum saw notable increases, indicating a shift in investor sentiment towards riskier assets. Meanwhile, cash remains prevalent in money market funds as investors assess economic conditions.