By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) -Wall Street shares hit record highs for a third consecutive day while Treasury yields retreated on Friday, as investors again cheered Donald Trump's decisive victory,

The Dow’s strong gain this year favored the Democrats and Kamala Harris. But Wall Street is increasingly disconnected from Main Street.

The market is suddenly feeling zen again. With the major indexes all on track for record closing highs, the CBOE Volatility Index, or VIX, continued to plummet in the wake of the election results. The VIX was down to 14.