Monday’s session in the S&P 500 index futures kicked off the week with a bullish surge, hitting new all-time highs as traders anticipate an FOMC rate-cut announcement Wednesday.

Overnight, Sunday trading started with a bullish sentiment, with buyers pulling away from a low of 6641.75 through the early hours. The regular session opened just above Friday’s high, and after some chop, bulls charged to new all-time peaks. The rally topped out at 6681.25 before lunch, where profit-takers stepped in, sparking some back-and-forth action. 

Bulls held firm at Friday’s high, and a late flood of buying in the final minutes sealed a new all-time closing high at 6679.25, up 34.25 handles.

Tuesday brings August’s retail sales report at 8:30 AM ET. 

Alphabet Inc (NASDAQ: GOOGL) snagged the biggest win among top components, soaring $10.81, or 4.49%, to close at $251.61, hitting new all-time highs. The issue was helped along by a Citi price target raise and sustained momentum.

That outpaced the cash index’s 0.53% gain by a great eight times. 

Eli Lilly And Co (NYSE: LLY) slumped as the biggest loser, shedding $7.01, or 0.93%, to close at $748.19.