TechFlow news, November 12 — According to Cailian Press, on Monday in U.S. Eastern Time, all three major U.S. stock indices closed higher, each reaching new historical highs. The "Trump trade" continues to gain momentum, with Tesla and crypto-related stocks surging together.
The S&P 500 index broke through the 6,000-point milestone for the first time, closing at 6,001.35 points, up 0.10%. The Dow Jones Industrial Average rose 0.69% to 44,293.13 points, while the Nasdaq Composite gained 0.06% to 19,298.76 points.
Shares of Tesla surged more than 9%, pushing its market capitalization above $1.13 trillion. Cryptocurrency-related stocks performed strongly: Canaan Inc. rose 41%, MicroStrategy climbed 25%, and Coinbase jumped 19%.
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