The S&P 500 index futures powered to new all-time highs during Thursday’s session, partially thanks to earnings season, the turn of the month effect among other reasons, finishing the month strong.

Overnight, the action started out rocky, partially thanks to continued reactions to top component earnings reports. Bulls started out the session but bears countered, dipping back into the red in the middle of the night and reaching a low of 7133.75. From that point, however, the tide decidedly turned. Bulls were just about to test the previous all-time high in the morning, but were interrupted by a slew of macro data. Q1 GDP came in below expectations at 2.0% versus 2.2%, March’s personal income came in above expectations, but personal spending and other headline PCE index and Core PCE index numbers arrived inline with expectations.

The damper from the news didn’t last long, but the bears really hit once the opening bell rang. Soon the bulls were trying to hold support near Wednesday’s close. After some chop in that area, bulls started to pull away and resistance gave way. Bulls broke through the previous all-time high with ease and resistance dissipated until reaching the slight psychological level of 7250 in the final hour.

The session concluded at a new all-time closing high of 7243.75, gaining 75.75 handles. After hours, the all-time high inched to 7253.50. For the month, that makes for an astounding gain of 673 handles or 10.24%.

Friday, market participants can look forward to some manufacturing data along with another load of earnings reports, mostly in the morning.

Among the top components of the index, Alphabet Inc (NASDAQ: GOOG) emerged as the biggest gainer. After releasing its latest earnings report Wednesday with large top- and bottom-line beats and analyst price target upgrades, the tech giant advanced by $34.63 or 9.97 percent to close at $381.94 for the day, marking new all-time highs in the process.

That performance was an order of magnitude better than the cash index’s advance of 0.99 percent.

Conversely, the biggest loser ended up being Meta Platforms Inc (NASDAQ: META) with weakness after its earnings report Wednesday, which included top- and bottom-line beats but flat guidance. For the day, the tech conglomerate declined by $57.21 or 8.55 percent to close at $611.91.