Many on Wall Street expected Tuesday’s election would be the final obstacle standing in the way of a stock-market melt-up heading into the end of the year. But rising Treasury yields are increasingly a concern.

The blue-chip Dow closed up 259.65 points, or 0.59%, to a record high 43,988.99, and the broad Standard & Poor's 500 index finished up 22.44 points, or 0.38%, to an all-time high of 5,995.54. The S&P 500 and Dow are both about 4.

The S&P 500 topped 6,000 points for the first time, extending a strong week of gains for the blue-chip index. Wall Street’s benchmark gauge was up 0.5 per cent to briefly hit 6,000.02 just before 1pm Eastern time on Friday.