Wall Street’s main indexes were near record highs today, holding on to post-election gains, ahead of the next batch of economic data that could decide whether the equity rally can sustain itself.

Asian shares mostly fell Tuesday, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as U.S. president. Japan's benchmark Nikkei 225 reversed early gains to decline 0.

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.