The Dow crossed 44,0000 for the first time ever as stocks were on track for their best week in a year on optimism that President-elect Donald Trump's policies will boost the economy.

While a path toward the 270 Electoral College votes needed to take the White House remained in reach for both U.S. presidential candidates Tuesday, a rally in Dow futures and selloff in U.S. government debt indicated market participants were prepared for a victory by Republican Donald Trump.

The stock market marked a historic milestone on Friday, as the Dow Jones Industrial Average hit 44,000 for the first time in its 128-year history, while the S&P 500 crossed the 6,000 mark. Stocks continued their rally,

The S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, while the Dow topped 44,000 for the first time, as Donald Trump’s election victory and a possible Republican Party sweep in Congress fueled expectations for favorable business policies.