Monday’s S&P 500 index futures session kicked off a major earnings week with a surge, propelled by bullish momentum and promising US-China trade deal reports, driving the index futures to new all-time highs.

Sunday night trading opened with a lift, fueled by reports of progress in China-US deals. Bulls quickly set a session low at 6865.75, already a new all-time high, and pushed to a premarket high near 6890. The regular session broke through this level shortly after a choppy open. Sellers kept the morning volatile, but by the lunch hour, bulls sustained a rally to fresh highs. 

The advance accelerated in the final half hour after breaching the psychological 6900 level, with profit-takers and buyers clashing at the close. The session ended at a new all-time closing high of 6908.25, up 81.25 handles, with the rally then resuming after hours to a peak of 6916.25.

Tuesday brings a wave of earnings reports in both the morning and afternoon.

Among top index components, Tesla Inc (NASDAQ: TSLA) led as the biggest gainer, soaring $18.70 or 4.31% to close at $452.42, as CEO Musk’s pay package vote nears.

That outperformed the cash index’s 1.18% advance by over three times. 

Conversely, Walmart Inc (NYSE: WMT) was the biggest loser, falling $1.70 or 1.60% to close at $104.47.