5 things you should know before the stock market opens

Stock markets are open for trading on Veterans Day, but bond markets are closed; US stock futures build on their record close on Friday following Donald Trump’s victory; The “Trump trade” is also boosting Bitcoin (BTCUSD) to record highs above $82,000, while crypto-linked stocks like Riot Platforms (RIOT), Robinhood Markets (HOOD), Coinbase Global (COIN) and Marathon Digital parent MARA Holdings ( MARA) all jump in pre-market trading; China’s trade surplus will reportedly hit a record $1 trillion this year, raising the likelihood that the country will face higher tariffs under the new administration; and Tesla (TSLA) shares continue to rise due to Chief Executive Officer (CEO) Elon Musk’s close ties to Trump. Here’s what investors need to know today.

1. NYSE, Nasdaq Open; Bond market closed

Monday is a federal holiday in the US, meaning government offices and banks will remain closed. The bond market will be closed on Veterans Day, but the New York Stock Exchange and Nasdaq will both be open and operating normally today.

2. Bitcoin price exceeds $82,000; Crypto-linked stocks rise after Trump victory

Bitcoin (BTCUSD) soars to new record highs, surpassing $82,000, continuing its run to become the leading cryptocurrency after Trump’s victory. Investors are putting money into Bitcoin exchange-traded funds because they expect friendlier management of the industry. Shares of crypto-related companies including Riot Platforms (RIOT), Robinhood Markets (HOOD), Coinbase Global (COIN) and Marathon Digital parent MARA Holdings (MARA) are all rising at least 9% in premarket trading.

3. US stock futures continue to rise after Friday’s record close

US stock futures extended gains after all major indexes ended at record highs on Friday. The S&P 500 and Dow Jones Industrial Average posted their best weeks since last November, buoyed by Trump’s victory and the Federal Reserve’s recent move to cut interest rates.

4. China reportedly expects record trade surplus of $1 trillion

China’s trade surplus is expected to hit a new record high this year, raising the risk that the Asian country will face increased US import tariffs from President-elect Donald Trump. Bloomberg reported. The difference between Chinese exports and imports is expected to reach nearly $1 trillion “if it continues to grow at the same pace as this year so far,” Bloomberg calculated.

5. Tesla stock continues to rise, building on Trump-fueled surge

Shares of electric vehicle maker Tesla (TSLA), which rose nearly 30% last week after Trump’s victory and gave the company a market capitalization of more than $1 trillion, are up another 7% to over $343 each in premarket trading . Wall Street believes Tesla Chief Executive Officer (CEO) Elon Musk is closely aligned with the president-elect and will benefit the company even as Trump repeals the Biden administration’s subsidies and rebates for electric vehicles.