NEW YORK (TheStreet) --The Dow Jones Industrial Average, the Nasdaq, and S&P 500 all closed at record highs on Monday, with the energy and materials sectors leading the way.
Among the impressive gains in U.S. markets today, CNBC's Dom Chu noted one sector that has been mounting a comeback recently.
"We have been talking about the transports for a while, they aren't at those record levels. However, we are seeing some gains and they have been pretty steady ever since the election," Chu said on today's "Closing Bell."
The iShares Dow Jones Transport Avg. ETF (IYT) is higher nearly 7% since the election results two weeks ago.
"It's going to be something to watch especially as oil hangs in the balance given the OPEC chatter," Chu noted.
As it pertains to oil, Chu theorized that the commodity could prove to be a tailwind for consumers as it would keep gas prices from spiking, thus yielding more consumer spending.
Lastly, one stock's poor performance on Monday could illustrate further issues in the consumer staples space.
Shares of Tyson Foods (TSN) were declining 14.49% just after the close, after missing on projections for both revenue and earnings this morning.
"Staples are one of the worst performing sectors because of the double-digit decline on the percentage basis, the likes of what is happening with Tyson," Chu said.
Moving forward, and as more companies report earnings results it will be important to note whether or not these consumer staples companies continue to have pricing power and if their cost structures are working, he noted.