The most important US stock indices rose at the start of Thanksgiving week.

The post-election recovery gained momentum after President-elect Donald Trump named hedge fund manager Scott Bessent as his nominee to lead the Treasury Department.

The S&P 500 rose 0.3%. The tech-heavy Nasdaq also gained 0.3%, while the Dow gained 1% to hit a record closing high.

Shares of Super Micro Computer (SMCI) rose 16%, extending last week’s winning streak, after the server maker filed a compliance plan related to the release of its delayed annual report and announced that accounting firm BDO would step in as auditor become. Supermicro secured the best daily performance in the S&P 500 for the fifth time in six trading sessions.

U.S. Treasury yields fell, boosting stocks in the solar energy and real estate sectors. Shares of solar technology provider Enphase Energy (ENPH) rose 8.5%. Shares of major homebuilders also rose on hopes that elevated mortgage rates could be eased.

Shares of cosmetics retailer Ulta Beauty (ULTA) rose 7.2% on Monday. The gains followed a strong earnings report from rival Bath & Body Works (BBWI), which reported better-than-expected sales and profits while issuing guidance for the current quarter that was above consensus forecasts. The results and outlook bode well for demand in the important holiday shopping season. Bath & Body Works shares rose more than 16%.

Pool Corp. shares (POOL) rose 6.4% after regulatory filings showed legendary investor Warren Buffet’s Berkshire Hathaway (BRK.A) bought 400,000 shares of the swimming pool supplies and equipment distributor. Although pool construction spending has declined in the uncertain economic environment, Pool Corp. having a strong market share in the industry and the demand for maintenance products helps to generate stable revenue.

Shares of energy technology provider GE Vernova (GEV) fell 5.8%, the sharpest decline of any S&P 500 stock. Although the company has received positive comments from several analysts who have pointed to an improving macroeconomic outlook and opportunities arising from electricity demand related to artificial intelligence (AI) applications, GE Vernova faces uncertainties as the chosen President Donald Trump has promised to reverse policies designed to strengthen the renewable energy industry.

Shares of ConocoPhillips (COP) fell 5.1% as the oil and gas exploration and production giant completed its acquisition of Marathon Oil. The company announced an offer for holders of Marathon notes to exchange them for newly issued ConocoPhillips notes.

Oneok (OKE) shares plunged 4.7% after the natural gas company announced a plan to acquire the remaining shares of Enlink Midstream (ENLC) for $4.3 billion. The announcement sparked concerns about dilution, as around 37 million new shares are expected to be issued as part of the deal, as well as uncertainty about the deal’s impact on debt.

Shares of aerospace company Lockheed Martin (LMT) fell nearly 4%. In a weekend post by Elon Musk on his social media platform, Musk’s post came as he prepares to take a leadership role in the new Trump administration’s Department of Government Efficiency.