Stocks closed higher on Monday, with financials, consumer discretionary and industrials leading but technology and materials lagging among the 11 S&P 500 sectors. Standouts included Trump-trade names and the cryptocurrency complex, as the S&P 500 closed above 6,000 and bitcoin surged past $87,000.
The bond market was closed in observance of Veterans Day, and there was no economic data to report. Investors also digested a relatively light flow at the tail end of another generally positive earnings season and looked forward to Wednesday's release of Consumer Price Index (CPI) data for October by the Bureau of Labor Statistics (BLS).
