US main indexes closed at new records highs on Monday, lifted by stocks expected to benefit from Republican President-elect Donald Trump's potential fiscal policies.

Tesla's stock market value surged 9 percent to over US$1.1 trillion, fuelled by bets the auto-maker will benefit from CEO Elon Musk's close ties to Trump.

Microsoft, Amazon and Meta Platforms each dipped about 1 percent.

All three major Wall Street indexes closed at records.

The S&P 500 rose 0.1 percent to end at 6,001.35. The Nasdaq gained 0.1 percent to 19,298.77, while the Dow Jones Industrial Average rose 0.7 percent to 44,293.13.

Volume on US exchanges was heavy, with 15.4 billion shares traded, compared to an average of 12.8 billion shares over the previous 20 sessions.

Crypto stocks rallied as bitcoin soared to a record US$87,000.

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.(Reuters)