While the S&P 500 index futures didn’t cap off the shortened week on the highs or lows, it is clear there was a lot of consolidation, even during Thursday’s action.

Overnight, bulls ran the show, likely buoyed by Wednesday evening reports of productive trade talks with Mexico and Japan, pushing the index to a premarket peak of 5371.25. Bears pounced soon after, erasing most gains by the opening bell, though the futures clung to green. 

Sellers took charge post-open, testing the overnight low and dipping to a new daily low at 5285.50. Bulls battled back in choppy fashion, fueled by fresh trade talk buzz, only to face a late bearish jab in the final 90 minutes, spurred by reports of Trump privately mulling ousting Fed Chair Jerome Powell for months.

The session closed in the lower half of the day’s range at 5312.75, scraping a 7-handle gain, while the inside week tallied a loss of 78.50 handles, or 1.46%. Next week, earnings season revs up with Tesla, Inc (NASDAQ: TSLA) reporting Tuesday evening and Alphabet Inc (NASDAQ: GOOG, GOOGL) Thursday evening, among many others.

Eli Lilly And Co (NYSE: LLY) snagged the biggest win among top components, soaring $105.06, or 14.30%, to close at $839.96, rocket-fueled by positive trial results for its GLP-1 weight-loss and diabetes pill.

That outpaced the cash index’s 0.14% creep by over 100 times. 

Conversely, NVIDIA Corp (NASDAQ: NVDA) slumped as the day’s biggest loser, shedding $3.06, or 2.93%, to close at $101.43. The issue was hindered by reports of U.S. curbs on H20 chip exports to China, even with news of CEO Jensen Huang’s Beijing trip to meet officials.