Stock market today: Indexes jump as post-election rally continues ahead of inflation data

US stocks gained on Monday, extending the postelection rally as investors adjust their portfolios to prepare for a second Donald Trump presidency.

Everything from bitcoin to Tesla to the US dollar rallied Monday morning. The world's largest cryptocurrency hit an all-time high above $82,000 as investors continued to celebrate Trump's win, which the market expects to be a positive catalyst for crypto.

Tesla stock rose over 8% to about $348.50. The stock reclaimed a $1 trillion market cap at the end of last week for the first time since April 2022. Tech analyst Dan Ives said in a note Monday morning that the Trump win was a "game changer," and raised his price target to $400 a share.

Investors' top concern this week is inflation data, with consumer price index data for the month of October set to be released Wednesday morning.

Economists expect a 2.5% year-over-year jump in CPI, compared to a rise of 2.4% in the prior month.

Investors will get more inflation data on Thursday when the producer price index is released. Economists expect it to rise 0.2% month over month compared to a flat reading in September.

In addition to inflation data, corporate earnings remain on investors' radars, though they are starting to wind down.

So far, 91% of S&P 500 companies have reported third-quarter results. Of those companies, 77% beat profit estimates by a median of 6%, while 59% beat revenue estimates by a median of 6%, according to data from Fundstrat.

Nvidia is the last big company that will report earnings The chip giant is scheduled to report its third-quarter results after the market close on November 20.

Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday:

Here's what else is going on:

In commodities, bonds, and crypto:

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