Tuesday’s S&P 500 index futures session extended its win streak to four-days with new all-time highs, but choppy trading and profit-taking made for a volatile ride.

Overnight, bulls defended the psychological 6900 level, setting a low of 6901.50 before recovering to green. Slightly hotter-than-expected US House Price Index data at 9:00 AM ET sparked a brief pre-open lift. Sellers tested unchanged post-open, with chop persisting until lunch-hour reports of Trump-Xi plans to discuss lowering China tariffs triggered a sharp pop to new highs. Sellers countered immediately, but bulls sustained momentum, driving a steady afternoon rally past the initial spike to an all-time high of 6944.75. 

Profit-takers dominated the final half hour with a quick pullback. The session closed just above the day’s midpoint at a new all-time high of 6925.75, up 17.50 handles.

Wednesday brings the FOMC interest-rate decision at 2:00 PM ET, Powell’s press conference at 2:30 PM, earnings in the morning and major earnings after the close, including Microsoft Corp. (NASDAQ: MSFT) at 4:05 PM ET, Meta Platforms, Inc. (NASDAQ: META) at 4:05 PM ET, and Alphabet Inc. (NASDAQ: GOOG, GOOGL) at 4:03 PM ET.

Among top index components, NVIDIA Corp (NASDAQ: NVDA) led as the biggest gainer, surging $9.54 or 4.98% to close at $201.03, hitting new all-time highs after reports of multiple chip and AI project deals with companies and government bodies.

That outperformed the cash index’s 0.27% gain by over 18 times, for those keeping track.

On the other hand, Berkshire Hathaway Inc (NYSE: BRK.B) was the biggest loser, falling $6.63 or 1.36% to close at $481.44.