Stock market today: Most of Wall Street rolls higher as bitcoin bounces above $82,000

The cryptocurrency market saw huge moves over the weekend following the Fed's decision last week to cut interest rates by another quarter-point.Most U.S. stocks are rising Monday and adding to the gains made during their best week of the year.

Tesla was the strongest force pushing the S&P 500 higher after rising 6.9%. Its leader, Elon Musk, has become a close ally of Trump's, and its stock jumped nearly 15% the day after the election and has kept rising. Stocks of companies more focused on the U.S. economy were also rising more than the rest of the market, including a 1% rally for the smaller stocks in the Russell 2000 index, because they're seen as benefiting more from Trump's America First policies than big multinational companies.

AbbVie tumbled 13.1% after saying trials investigating its treatment for some adults with schizophrenia failed to show statistically significant improvement compared with a placebo group at week six.above $82,000 for the first time. Trump has embraced cryptocurrencies generally and pledged to make his country the crypto capital of the world. Bitcoin hit a record of $82,493 in early trading, according to CoinDesk.

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