### Market Rally: Stocks Hit Record Highs, Bitcoin Surges, Tesla Soars

Stocks climbed to unprecedented levels on Monday, continuing the surge driven by post-election optimism. Bitcoin also reached new heights, trading at over $86,000.

The Dow Jones Industrial Average rose by 0.7%, while the S&P 500 inched up by 0.1%. Although the Nasdaq Composite dipped by 0.1% after hitting a new high earlier, major indexes are building on record highs from Friday. This rally is fueled by investor enthusiasm following Donald Trump's election victory and the Federal Reserve’s decision to lower interest rates.

Tesla (TSLA) has been one of the standout performers, with shares skyrocketing over 40% in the past week alone. The stock saw an 8.5% rise on Monday amid positive market sentiment and speculation that regulatory rollbacks under Trump could benefit the company. Adding to the fervor, analysts from Wedbush significantly raised Tesla's price target to $400 from $300, predicting that opportunities in autonomous vehicles and AI could be worth up to $1 trillion for the company.

Conversely, large-cap tech stocks experienced mixed fortunes. Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META) all saw declines, while Alphabet (GOOGL) gained around 1%.

Bitcoin continued its impressive rally, trading at $86,000 after crossing the $80,000 mark over the weekend. The cryptocurrency has surged nearly 30% in the past week, buoyed by hopes that a Trump administration might be favorable towards digital currencies. Companies closely linked to crypto, such as MicroStrategy (MSTR), Coinbase (COIN), and MARA Holdings (MARA), soared more than 20% on Monday.

However, not all stocks shared in the upside. AbbVie (ABBV) saw its shares plummet by 12% following disappointing Phase 2 clinical trial results for its schizophrenia drug, Emraclidine. In contrast, Bristol Myers Squibb (BMY), which recently received approval for its schizophrenia treatment Cobenfy, witnessed a 12% rise in its stock, leading the S&P 500 gainers.

Gold futures fell 2.5% to about $2,625 an ounce, continuing their decline as the U.S. dollar strengthened after the election. Government offices were closed, and bond trading was suspended for Veterans Day on Monday, leaving the market without new economic data.

Humana (HUM) shares dropped by 5% as Cigna Group (CI) announced it is not pursuing a merger with its smaller rival. Meanwhile, Cigna’s stock climbed more than 6% following this news and plans to continue its substantial share buyback program.

The market continues to react strongly to the election results, with major movements observed in stocks and cryptocurrencies alike.