Stocks ended in record territory Monday as markets reacted to President-elect Donald Trump's choice for treasury secretary ahead of a holiday-shortened week.

The Dow Jones Industrial Average gained 440.06 points, or 0.99%, to end the session at fresh record high of 44,736.57, while the S&P 500 reached a record  close of its own, rising 0.30% to finished the day at 5,987.37.

The tech-heavy Nasdaq added 0.27% to close at 19,054.84.

The Russell 2000, the market's benchmark index of small and medium-sized U.S. companies, also posted a fresh record high.

Investors were reacting to President-elect Trump's selection of Scott Bessent as Treasury Secretary

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