Wall Street hovers near record high as Trump-fueled rally continues
) surging ahead of an upcoming batch of economic data that could influence the Federal Reserve's pace of interest rate cuts.
Traders had exchanged over $56 billion worth of Tesla shares as of mid-afternoon, accounting for a quarter of all trading inThe S&P 500 has rallied almost 4% since Trump's victory last Tuesday, while the Nasdaq has gained almost 5%. Investors are watching consumer price inflation data, due Wednesday, and a raft of other key data this week for signals on the economy and monetary policy outlook.
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