Wednesday’s S&P 500 index futures session saw bulls gain steam, making new all-time highs, but it wasn’t without a fight.

Bulls helped the index futures melt up overnight from an initial low of 6342.75, eventually encountering resistance at the previous all-time high before the regular session commenced. Once the opening bell rang, profit-takers took their chances, which took the index futures back down. Bulls didn’t give up, establishing a bid above unchanged and preventing any red from being seen in the regular session. Reports of the US and EU getting closer to a tariff deal, including some products that may be exempt, helped the bulls propel the index futures above the premarket high, but resistance came in near that area as well.

As the afternoon progressed, bulls kept marching to new highs, maintaining higher lows all the while. In the final minutes, US Treasury Secretary Bessent’s comments that we could see 1-2 rate cuts this year helped the bulls finish the day strong. The session wrapped near the day’s high at 6396.25, up 49.50 handles. After hours, the all-time high was pushed to 6407.25.

Tomorrow, market participants can look forward to July’s S&P flash U.S. PMI data at 9:45 AM ET, along with another round of earnings reports in the morning and evening.

Among the top components, Eli Lilly And Co (NYSE: LLY) emerged as the biggest gainer for the second day in a row, advancing $23.27, or 3.00%, to close at $798.89.

That outpaced the cash index’s 0.85% rise by over three times.

On the other hand, Alphabet Inc (NASDAQ: GOOGL) tanked as the biggest loser, declining $1.11, or 0.58%, to $190.23, right before its latest earnings report released after the close. The after-hours reaction included violent swings in both directions, with the issue trading slightly green as of time of writing.