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 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump's election victory and a possible Republican Party sweep in Congress fueled expectations for favorable business policies.

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.

Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the U.S. presidential race.

Stock markets soar on Wall Street following Trump’s win ABC News' Alexis Christoforous details the record highs for all three major indexes. Subscribe to ABC News on YouTube: ABC News is your daily source of breaking national and world news,