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

U.S. stocks are mostly 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 is up 0.2%, with Tesla leading the way after a 6.9% increase. The Dow Jones Industrial Average rose 400 points, or 0.9%. Smaller U.S.-focused companies are also benefiting, with the Russell 2000 index up 1%. Bitcoin surged above $82,000, reflecting Trump's support for cryptocurrencies. Cigna's stock increased 6.5% despite announcing it won't pursue a merger with Humana, whose shares fell 4.9%. Meanwhile, AbbVie dropped 13.1% after disappointing trial results for a schizophrenia treatment.