U.S. stocks rise as bitcoin surpasses $82,000

U.S. stocks are rising on Monday, building on last week's gains after Donald Trump's presidential victory and a Federal Reserve interest rate cut. The S&P 500 increased by 0.3%, while the Dow Jones gained 338 points, or 0.8%. Tesla's stock surged 8.4%, contributing significantly to the S&P 500's rise. Bank stocks also benefited from expectations of stronger economic growth and less regulation, with JPMorgan Chase up 1.6%. Cigna's stock rose 6.4% despite announcing it would not pursue a merger with Humana. Bitcoin reached over $82,000 for the first time, reflecting Trump's support for cryptocurrencies. Meanwhile, Treasury yields have been rising, but trading is closed on Veterans Day. Global markets showed mixed results, with European stocks up and Asian markets down.