S&P 500 posts record high close, Trump-linked stocks

Nov 11 (Reuters) - Wall Street's main indexes notched record high closes on Monday, lifted by stocks expected to benefit from Republican President-elect Donald Trump's potential fiscal policies.

Tesla's TSLA.O stock market value surged 9% to over $1.1 trillion, fueled by bets the automaker will benefit from CEO Elon Musk's close ties to Trump. Several other stocks also added to gains they have made since Trump won the election, as traders expect them to benefit from his return to the White House.

The S&P 500 financial index .SPSY rallied 1.4%, with banks helping lift the Dow to its highest ever, lifted by gains in Wells Fargo & Co WFC.Nand JPMorgan JPM.N.

The small-cap Russell 2000 .RUT jumped 1.5% to its highest since November 2021. Smaller companies are viewed as potential beneficiaries from Trump's proposed tax cuts and expected looser regulations.
Microsoft MSFT.O, Amazon AMZN.O and Meta Platforms META.O each dipped about 1%.

The S&P 500 has rallied almost 4% since Trump's victory last Tuesday, while the Nasdaq has gained almost 5%.

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