New record for Dow Jones after Trump treasury chief pick

NEW YORK, New York - U.S. stocks closed higher on Monday as did global stock markets, following the nomination of Scott Bessent as Donald Trump's pick for Treasury Secretary.

"You can't ask for a better reception from the market," Quincy Krosby, chief global strategist at LPL Financial told CNBC Monday. "This is the market applauding."

Here's a detailed summary of the day's performance:

S&P 50