In stocks, American Express topped the Dow by jumping more than 7% and climbing above its 329.14 buy point. Shares soared as the credit card giant raised its outlook and beat third-quarter expectations. Apple AAPL was the Dow's second-best performer, up 2%.

Live Updates Live Coverage Updates appear automatically as they are published. Updates will appear here as they are published. Markets are pushing aggressively higher again. At the moment, futures are exploding.

S&P 500 and Nasdaq also score all-time highs; Milei victory boosts Argentine assets

The stock market rally has already defied expectations this year, shrugging off geopolitical strife, economic uncertainty and global trade tensions to reach fresh record highs. Some analysts say the rally might just be getting started.

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More record highs for U.S. stocks have made Arthur van Slooten, a Société Générale strategist, increasingly wary. "Just as scenarios are starting to look exceptionally rosy, prudence urges us to look for a catch,

Dow, S&P 500, and Nasdaq futures are rising in premarket trading as the stock market awaits the CPI inflation report.

Tesla posted record quarterly revenue but its profit came in below Wall Street's expectations. The stock fell 4% after hours during the analyst call.

Equities fell on Wednesday as the first of the Magnificent Seven stocks — Tesla — prepares to deliver earnings results after the market's close.