The stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow, the S&P 500 and the Nasdaq to all-time highs. The Fed rate cut the next day was icing on the cake for market bulls,

The S&P 500 on Friday was trading above 6,000 for the first time in history, while the Dow Jones Industrial Average was soaring above 44,000 after Donald Trump’s election and the Federal Reserve’s interest-rate cut lifted the large-cap benchmark index to a fresh record.

The holiday dates back to Nov. 11, 1918, which was the official end of World War I, when an armistice between the Allied nations and Germany started on the eleventh hour of the eleventh day of the eleventh month, according to the U.S. Department of Veterans Affairs.

Stocks closed at record highs on Friday, with the S&P 500, Dow Jones, and Nasdaq 100 all notching their biggest weekly gain of the year.

The Dow crossed 44,0000 for the first time ever as stocks were on track for their best week in a year on optimism that President-elect Donald Trump's policies will boost the economy.

President-elect Donald Trump’s win, coupled with a quarter-point interest rate cut from the Federal Reserve, pushed major stock indexes into record territory.

Stocks are headed for the best week of 2024, with the S&P 500 on track for a 4% gain, while the Nasdaq 100 is up more than 5%.

Sky News host Rowan Dean says the stock market has “hit a record high” following the election of Donald Trump.

Friday capped a historic week for U.S. politics and the stock market, with the Presidential election finally coming to an end with Donald Trump as the victor. The S&P 500 (SP500) crossed the 6,000-point milestone for the first time as well this week.