Stocks are on a roll this month, with the S&P 500 notching its 50th record high of the year and topping the 6,000 point mark for the first time ever.

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’s strong gain this year favored the Democrats and Kamala Harris. But Wall Street is increasingly disconnected from Main Street.

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 market is suddenly feeling zen again. With the major indexes all on track for record closing highs, the CBOE Volatility Index, or VIX, continued to plummet in the wake of the election results. The VIX was down to 14.

"This is the dawn of a new era for prediction markets," Kalshi's founder said. Betting markets called Trump's win weeks before the election.

The full reality of what a second Trump term means for businesses and the economy is still settling in. Why it matters: The kind of ebullience that investors have expressed in the markets post-election this week may not last.

The president-elect’s policies are likely to have a different impact than they did the first time around, even though the policies themselves aren’t all that different than they were eight years ago.

Wall Street shares mostly rose but global stock markets fell on Friday following rallies this week as investors weighed the impact of Donald Trump's presidential election win and efforts to