U.S. stocks continued their post-election rally on Friday, notching more record highs with the Dow and S&P 500 putting in their best weekly act all year.

The blue-chip Dow closed up 259.65 points, or 0.59%, to a record high 43,988.99, and the broad Standard & impoverished’s 500 index finished up 22.44 points, or 0.38%, to an all-period high of 5,995.54. The S&P 500 and Dow are both about 4.7% higher for the week and on track for their best week since November 2023.

The tech-laden Nasdaq ended the buying and selling day up 17.32 points, or 0.09%, at 19,286.78, just off its recent record high of 19,318.56 reached during the day. For the week, the Nasdaq is up 5.7%.

Stocks rallied strongly on Wednesday on hopes President-elect Donald Trump would push through levy cuts and deregulation, analysts said. The climb continued Thursday after the Federal savings trimmed its short-term, standard fed funds rate by a quarter-percentage point and suggested there may be more easing ahead, though the timing was doubtful. On Friday, stocks got another shot of excellent information after the University of Michigan buyer sentiment survey jumped more than expected to 73.0 in November from 70.5 in October, and worth rise expectations fell to the lowest since December 2020.

“Sentiment jumped in November while near-term worth rise expectations dipped, creating a potential Goldilocks scenario,” said Jeffrey Roach, chief economist for LPL monetary in Charlotte, North Carolina.

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Can the ownership economy rally continue?

The surge in stocks could receive a breather here and there, but many analysts expect more near-term upside, especially if Republicans also triumph both chambers of Congress. Republicans have already won a majority in the Senate. Votes are still being counted in the House of Representatives, but many depend Republicans will hold onto their slim majority.

“On the back of the Republican sweep, our sense is that the fallout from the U.S. election can continue (to) be the catalyst that drives markets,” said Mark Dowding, BlueBay chief financing officer at RBC Global resource Management.

Investors arrive off the sidelines

Trump’s triumph also appeared to lure some sidelined money into the economy, data indicates.

Automated financing platform Wealthfront said its recent ownership investing accounts were up 146% the day after the election compared to Election Day, and dollars deposited into ownership investing accounts increased by 286%. Transfers into automated investing accounts surged by 433% compared to Election Day, too, it said.

Overall, $20 billion flowed into U.S. ownership funds the day after Trump’s decisive triumph for the largest one-day addition in five months, according to lender of America strategists.

“The recent ownership economy rally suggests that investors are either celebrating the outcome of the election, the reduced uncertainty that follows when elections complete, or perhaps both,” said Alex Michalka, vice president of financing research at Wealthfront, in a statement. “Regardless, we’re encouraged to view millennials continuing to make intelligent monetary decisions by putting their money to work in the ownership economy.”

ownership standouts

sure stocks and sectors stood out this week in the wake of Trump’s triumph, including

• Tesla: shares soared and the business’s economy assessment hit $1 trillion for the first period in two years as investors banked on Chief Executive Elon Musk’s close connection with Trump possibly yielding some favorable treatment, experts said. Wealthfront reported its clients’ investments in Tesla jumped 228% on Wednesday compared to Election Day.  
• lender stocks gained on expectations the recent adminstration would be easier on mergers and acquistions, a profitable business for large banks, JP Morgan analysts said in a update.
• vigor shares rallied because Trump has said he wants to expand drilling to keep the U.S. vigor independent.
• Bitcoin hit an all-period high near $77,000 because of Trump’s back for the digital funds during his campaign. Trump floated the concept of establishing a federal Bitcoin savings, and stressed the importance of bringing more Bitcoin mining operations to the U.S. 

What’s happening to debt safety yields?

The 10-year Treasury gain initially spiked higher on Wednesday after Trump’s triumph. Most economists expect his plans for sweeping tariffs, deportations and levy cuts would inflate the deficit and be inflationary. By Friday afternoon, the 10-year gain had slipped back to where it started the week.

Medora Lee is a money, markets, and financial planning reporter at USA TODAY. You can reach her at [email protected] and  subscribe to our free Daily Money newsletter for financial planning tips and business information every Monday through Friday morning.