Hitting a new all-time high might be just a matter of time, with a potential for an extension to the next big level of 7,000 – barring a major setback in U.S.-China trade talks.

The 25Q3 Y/Y blended earnings growth estimate is 42.9%. If the energy sector is excluded, the growth rate for the index is 41.7%.

Business inflation expectations were steady in October, reports the Atlanta Fed. 

The primary issue for Wall Street is that IBM’s Red Hat cloud computing unit is showing signs of slowing growth. It grew 14% year-over-year in Q3, down from 16% in the previous quarter.