The “Trump-related everything rally” reignited across markets on Monday, with heightened focus on last week's top performers like small caps, financials, Tesla Inc. (NASDAQ:TSLA), and cryptocurrencies, all surging as the new trading week began.

The Russell 2000 Index outperformed major large-cap indices, nearing a retest of its all-time high from November 2021.

Financials shone brightest again, with both large and regional banks posting strong gains. The SPDR S&P Regional Banking ETF (NYSE:KRE) surged 3.9%, reaching levels last seen in August 2022.

Bitcoin (CRYPTO: BTC) also dominated headlines, surpassing the $85,000 milestone and fueling widespread gains across other crypto assets.

Major crypto-related stocks, including Coinbase Global Inc. (NASDAQ:COIN), rallied nearly 22%, hitting highs last seen in late November 2021. MARA Holdings (NASDAQ:MARA) soared 25%, with Riot Platforms Inc. (NASDAQ:RIOT) and CleanSpark Inc. (NASDAQ:CSLK) both up by 21%.

Within tech, Tesla continued its rally, while the rest of the sector lagged, weighed down by sharp declines in semiconductors following new AI-related export restrictions to China, impacting Taiwan Semiconductor Manufacturing Company (NYSE:TSM).

Elsewhere, the U.S. dollar extended its gains, while Treasury yields held steady, with the 10-year yield hovering around 4.3%.

Prices tumbled in commodities, with the exception of natural gas, which rose roughly 10%. Gold dropped over 2%, and oil fell by 3%.

Monday’s Performance In Major US Indices, ETF

According to Benzinga Pro data:

Monday’s Stock Movers

Stocks reacting to earnings reports were Monday.com ltd (NASDAQ:AMDY) down 15% and Aramark (NYSE:ARMK), up 1%.

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Image created using artificial intelligence via Dall-E.