Tuesday’s session in the S&P 500 index futures brought back the whipsaw chaos, partially fueled by upbeat earnings and glimmers of tariff relief. Bulls ruled the day, erasing all of Monday’s losses by the close.

Overnight, bulls anchored support near unchanged, catching a bid and charging upward without much pause. The early morning rally stalled in the 5220-5240 zone, but the opening bell unleashed buyers who smashed through the premarket high. The climb powered on relentlessly, peaking at 5339.25 during the lunch hour, just as an unconfirmed report surfaced of the US Treasury Secretary calling China talks a “slog.” That helped to spark an 80-handle swoon, retesting support near the premarket high, before bulls regrouped with choppy vigor to close above the psychological 5300 mark.

The session wrapped up somewhat near the day’s high at 5314.75, up a robust 130 handles. Wednesday brings more fedspeak, the Fed Beige Book, and earnings from The Boeing Co (NYSE: BA) in the morning and International Business Machines Corp (NYSE: IBM) in the evening. 

Tesla Inc (NASDAQ: TSLA) snagged the biggest win among top components, gaining $10.47, or 4.60%, to close at $237.97, right before its Q1 earnings report. Post-close, TSLA jumped another 4% to near $247.50 after Musk signaled a step back from DOGE to focus on Tesla in May.

That outpaced the cash index’s 2.60% gain by nearly two times. 

There were no losers among the top components of the index, therefore making Eli Lilly And Co (NYSE: LLY) the day’s smallest winner, only advancing by $9.52, or 1.16%, to close at $827.54.