Tuesday’s session in the S&P 500 index futures churned through more rocky terrain, fueled by a ramp-up in earnings season and tariff chatter, yet clinched a remarkable six-day win streak not seen since September 2024. 

Overnight, bulls waged a gritty fight to stay green, but bears pushed the index to new lows before the regular session. Morning headlines swirled with earnings and reports of potential Chinese tariff reductions on both sides in coming months, helping to stoke volatility. Bulls found a foothold at 5521.50 pre-open, sparking a rebound that turned into choppy whipsaw action as the opening bell rang. Buyers secured a bid at unchanged post-lunch, driving a rally that hit resistance just shy of the psychological 5600 mark, peaking at 5597.25.

Choppy action dominated the afternoon under that ceiling, and was capped by last-minute selling. The session still closed in the upper half of the day’s range at 5583.75, up 30.75 handles. 

Wednesday brings a slew of earnings and macro data, including March’s PCE index at 10:00 AM ET, plus earnings from Microsoft Corp (NASDAQ: MSFT) at 4:05 PM ET and Meta Platforms, Inc (NASDAQ: META) at 4:39 PM ET. 

Tesla Inc (NASDAQ: TSLA) snagged the biggest win among top components, climbing $6.15, or 2.15%, to close at $292.03, boosted by news of ramped-up Semi truck production by year-end.

That outpaced the cash index’s 0.63% gain by over three times. 

Conversely, Broadcom Inc (NASDAQ: AVGO) slumped as the biggest loser, shedding $1.30, or 0.68%, to close at $191.17.