S&P 500 futures climbed approximately 0.75% to settle at a record 7,005, marking the first time the index has closed above the 7,000 level. Positive market sentiment was bolstered by stronger-than-expected consumer sentiment data and a moderating labor market. While the Nasdaq-100 gained over 1%, the S&P 500, Russell 2000 and Dow Jones all reached new all-time highs during the session. Traders are now looking ahead to the start of the quarterly earnings cycle and key economic releases, including CPI, PPI, and retail sales data, to gauge the sustainability of the current upward momentum.