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.

U.S. stocks cruised to more records as they closed their best week in a year on Friday. The S&P 500 rose 0.4% to cap its biggest weekly gain since early November 2023 and briefly crossed above the 6,000 level for the first time.

U.S. stocks are ticking higher Thursday after the Federal Reserve cut interest rates for a second straight time, just as investors had expected. The S&P 500 was up 0.7% in afternoon trading, as momentum slowed from its surge a day before following Donald Trump’s presidential victory.