In a notable display of market optimism, the Dow Jones Industrial Average hit an all-time high on Monday. This bullish momentum coincided with a significant uptick in U.S. Treasury bonds, marking their strongest rally in nearly four months. The boost came on the heels of President-elect Donald Trump’s choice of Scott Bessent for the role of Treasury Secretary.
By the end of the day, the Dow had climbed an impressive 440.06 points, or 1%, closing at 44,736.57, as reported by Dow Jones Market Data. This marks the 45th time the index has set a new record this year.
Looking at the S&P 500, it notched up by 18.03 points, or 0.3%, finishing the session at 5,987.37. This gain extends its winning streak to six consecutive days—a feat not seen since September 17, when the index surged for seven days in a row.
Meanwhile, the Nasdaq Composite added 51.18 points, equating to a 0.3% rise, closing at 19,054.84. This marks its third day of continuous gains, maintaining a steady upward trajectory.
The Russell 2000 was not left behind, as it jumped 35.36 points, or 1.5%, reaching 2,442.03 by the market’s close. Like the S&P 500, this move extended its winning streak to six days, with the last similar streak also occurring in September. The market’s continued rise indicates a resilient and bullish sentiment among investors.
