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 holiday dates back to Nov. 11, 1918, which was the official end of World War I, when an armistice between the Allied nations and Germany started on the eleventh hour of the eleventh day of the eleventh month, according to the U.S. Department of Veterans Affairs.

The S&P 500 on Friday was trading above 6,000 for the first time in history, while the Dow Jones Industrial Average was soaring above 44,000 after Donald Trump’s election and the Federal Reserve’s interest-rate cut lifted the large-cap benchmark index to a fresh record.