Equity futures reached record levels on strong growth.

Equity futures moved higher as major technology stocks led a rally, putting the S&P 500 on track for an all-time closing high. Third quarter GDP expanded at a 4.3% rate, significantly exceeding the estimated 3.2%. While the bond market reacted with higher yields, consumer confidence data showed a decline below 90. Trading activity saw a surge in call buying for Nasdaq-100 futures and Russell 2000 futures, particularly in at-the-money strikes expiring this week. Implied volatility for the upcoming holiday session remains low at 6% before an expected increase toward the end of the month.