The S&P 500 and the Nasdaq jumped to a fresh record high on Thursday after the Fed delivered a 25 basis point rate cut.

A breakneck rally in Tesla shares catapulted the electric-vehicle maker’s market value back over the coveted trillion-dollar mark as investors bet that Donald Trump’s return to the White House can

Tesla’s stock continued its massive rally Friday, bringing the electric vehicle maker’s market capitalization above $1 trillion. The company’s share price was up 7 percent as of midday Friday alone. Since the market closed on Election Day,

The stock market has been rising since July – the S&P 500 3.3% since July. On Election Day it closed up more than 427 points, ending at 42,221.88. According to CNN.com, since 1944, in 18 of the 20 elections, the incumbent party won if the stock market was going up.

"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.