Comment on Stock market today: Dow closes above 44,000, tech shares stumble as traders eye inflation data

Stock market today: Dow closes above 44,000, tech shares stumble as traders eye inflation data

Allison Joyce/Getty ImagesThe Dow closed above 44,000 and the S&P 500 closed above 6,000 for the first time on Monday.Bitcoin soared 8% to hit a record high as crypto's post-election rally continued. Investors will focus on inflation data and corporate earnings as the key market drivers this week.US stocks were higher on Monday, with the Dow Jones Industrial Average jumping about 300 points while the Nasdaq 100 and S&P 500 edged slightly higher.The Dow closed above the 44,000 level for the first time ever, while the S&P 500 hit a record intra-day high and closed above the 6,000 level for the first time.The Trump trade was largely extended on Monday, with shares of Tesla, bitcoin, the US dollar, and shares of US banks all surging.Bitcoin jumped 8% to hit a record high of $87,478.

 

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