Thursday’s session in the S&P 500 index futures powered through to new all-time highs, with dip-buyers fueling a climb past recent resistance.

Overnight, the index continued to follow the rebound of the NVIDIA-driven dip, climbing from a low of 6471 into the green by early morning. At 6:30 AM ET, Q2 GDP’s first revision beat expectations at 3.3% versus 3.1%, and NVIDIA CEO Jensen Huang’s comments on supplying Blackwell chips to China helped spark a small rally. The regular session opened with promise, but reports of Fed’s Lisa Cook suing Trump over her ousting helped trigger a short selloff. 

Dip-buyers pounced after the first half hour, reigniting the rally, which broke through the premarket high and previous all-time high after some initial resistance. In the final two hours, the all-time high was pushed to 6523. Profit-takers trimmed gains in the final minutes, yet the session closed at a new all-time closing high of 6517.50, up 21.50 handles. 

Friday is set to bring July’s PCE index data at 8:30 AM ET. 

Broadcom Inc (NASDAQ: AVGO) snagged the biggest win among top components, climbing $8.40, or 2.80%, to close at $308.65, buoyed by NVIDIA’s earnings ripple effect in semiconductors.

That outpaced the cash index’s 0.35% gain by an exceptional eight times. 

Tesla Inc (NASDAQ: TSLA) slumped as the biggest loser, shedding $3.62, or 1.04%, to close at $345.98.