When the New York Stock Exchange opened on Monday, the share in electric car manufacturer Tesla initially rose sharply following reports that incoming President Donald Trump has plans to ease regulations on self-driving cars. The increase faltered, but the share still closed 5.7 percent up.
Tesla CEO Elon Musk, who is closely allied with Trump, will be responsible for the advisory body Doge in the new administration, which will work to streamline the state bureaucracy.
Another winner on Wall Street was CVS Health after the pharmacy chain announced that the company's board would get four new members. This followed investment negotiations with hedge fund Glenview Capital Management, whose CEO Larry Robbins will become one of the new board members. CVS Health's share rose 5.4 percent.
The broad S&P 500 index rose 0.4 percent, the technology-heavy Nasdaq composite index gained 0.6 percent, and the Dow Jones industrial index fell 0.1 percent.
