The Globe and Mail reports in its Tuesday edition that Wall Street's main indexes notched record high closes on Monday, lifted by stocks expected to benefit from Republican president-elect Donald Trump's potentially loose fiscal policies. A Reuters dispatch to The Globe says that the Toronto Stock Exchange edged up, but was held back by a continued advance in the U.S. dollar, which in turn pressured commodity sectors, especially gold miners. Tesla's stock market value surged 9 per cent to more than $1.1-trillion, fuelled by bets the automaker will benefit from chief executive officer Elon Musk's close ties to Mr. Trump (all figures U.S.). The S&P 500 financial index rallied 1.4 per cent. The small-cap Russell 2000 jumped 1.5 per cent. Smaller companies are viewed as potential beneficiaries from Mr. Trump's proposed tax cuts and expected looser regulations. The S&P 500 has rallied almost 4 per cent since Mr. Trump's victory last Tuesday. Crypto stocks rallied as bitcoin soared to a record $87,000. The S&P/TSX Composite Index ended up 29.88 points at 24,789.28, moving closer to the record closing high it posted last Thursday. Oil settled 3.3 per cent lower at $68.04 a barrel, while gold and copper prices fell.