Thursday’s S&P 500 index futures session made a new all-time high and all-time closing higher for the second day in a row. That marks the third time in the last four sessions that this has occurred.

Bulls took a cue from Wednesday’s late day rally and put more emphasis on Alphabet Inc.’s (NASDAQ: GOOG or GOOGL) Q2 beat rather than Tesla Inc.’s (NASDAQ: TSLA) Q2 whiff.

The index spent very little time in the red during the premarket session and spent no time in the red during the regular session. After establishing a premarket low five handles below the former all-time closing high from Wednesday (6396.25) at 6391.50, bulls made a stand at the close early on in the session. It was not all smooth sailing for the bulls as the index would leap to a new intraday high that was met with sellers. However, each dip found buyers with the 6400 level being defended in post-lunch trading.

Heading into the final two hours of the session, the bulls pushed for a deeper run, but were turned back at 6418.25. In the final hour, the index drifted lower and attempted to make a new high, but found willing sellers ahead of the new all-time high. In the final few minutes of the session, the bears or profit-takers became more aggressive and trimmed the gain to five handles at the closing price of 6401.25.

The biggest winner of the top components was Broadcom Inc. (NASDAQ: AVGO), with the catalyst being a significant increase in chip spending from one its biggest clients, Alphabet Inc. For the session, the issue made a new all-time high and closing high, by adding $5.02 or 1.76% at the closing price of $288.71.

That was well over the cash index’s advance of 0.07 percent.

Tesla Inc. (NASDAQ: TSLA) was by far the biggest loser of the session declining by $27.26 or 8.2%. On a positive note for the issue, it was able to put some distance between its closing price and the low of the day at $300.41.