Russell 2000, Dow, S&P 500 All Achieve Record Highs In Wall Street’s Historic Day; Bitcoin, Gold Tumble: What’s Driving Markets Monday?
A mix of easing global geopolitical tensions, post-election bullish momentum and favorable seasonal trends propelled major U.S. stock indices to new record heights during Monday morning trading, marking what could be another historic session on Wall Street.
The S&P 500 and Dow Jones Industrial Average surged to all-time records, hitting intraday highs of 6,020 and 44,815 points, respectively, before paring back some gains.
Yet, the small-cap Russell 2000 index stole the spotlight, up 1.4% and reaching an all-time high for the first time since November 2021.
Investors cheered President-elect Donald Trump‘s nomination of hedge fund manager Scott Bessent for Treasury Secretary, betting his Wall Street experience could steer fiscal policies toward a pro-market direction.
Meanwhile, the barometer of geopolitical fears eased as Israel and Lebanon agreed to a framework for ending the Israel-Hezbollah conflict. While the deal still requires approval from Israel’s Security Cabinet, traders embraced the news, which sent ripples …
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