S&P 500 futures rallied to a new all-time high, reaching 7,185 before closing at 7,150, up over 1% for the day and roughly 4% for the week. Positive geopolitical developments in the Middle East and the reopening of the Strait of Hormuz supported the upward momentum. Despite the equity rally, volatility remained relatively unchanged as the market monitored potential weekend event risks. Looking ahead, traders await upcoming retail sales data and further bank earnings, which have featured strong results but cautious forward guidance. Additionally, the Kevin Warsh Fed Chair nomination process begins Tuesday before the Senate Banking Committee, while Fed speakers enter a blackout period ahead of the April FOMC meeting.