Friday’s S&P 500 index futures session powered through quad witching volatility to notch new all-time highs, with bulls dominating late to cap the week at the upper end of the range.

Overnight trading saw bulls and bears sparring, with support holding above Thursday’s low, bottoming at 6679.50. The regular session opened with expected options expiration turbulence, kicking off with a sharp but brief sell-off. Buyers tested the premarket high but fell short as profit-taking and bearish sentiment took hold.

Mid-morning, markets wavered as Trump’s call with Xi raised eyebrows, though reports yielded little impact beyond a tentatively approved TikTok deal. Post-call, bulls capitalized on the dip, keeping futures clear of the premarket low. By afternoon, buyers steadily pushed higher, with momentum surging in the final hour as bulls drove the index to a new all-time high of 6731.50 just before the close. 

Despite last-minute selling, the session ended at a new all-time closing high of 6722.50, up 29 handles. For the week, that makes for a solid gain of 77.5 handles or 1.17%.

Next week brings a packed schedule of fedspeak, including Fed Chair Jerome Powell’s Tuesday afternoon remarks, a mix of macro data, and August’s PCE index on Friday.

Among top index components, Apple Inc (NASDAQ: AAPL) led as the biggest gainer, rising $7.62 or 3.20% to close at $245.50, fueled by reports of strong demand for its latest iPhones. 

This outpaced the cash index’s 0.50% gain by six times. 

Eli Lilly And Co (NYSE: LLY) was the biggest loser, falling $10.94 or 1.43% to close at $751.99.