Monday’s session in the S&P 500 index futures shrugged off Friday’s after-hours Moody’s downgrade of the US credit rating from AAA to AA1, as buy-the-dippers powered a green close.

The post-downgrade decline from Friday persisted into Sunday evening, dragging the index lower until support kicked in just below the psychological 5900 level, bottoming at 5892.75. Bulls sparked a premarket comeback, though the regular session opened well in red territory. A sharp rally erupted at the bell, possibly assisted by reports of Trump soon engaging separately with Putin and Zelensky.

The rally slowed as it approached Friday’s mark, amid more fedspeak, but surged to a high of 5987.50 and flipping to green. Selling pulled the index below unchanged during the afternoon, but a last-minute buying spree rocketed it back up. The session closed near the day’s high at 5982.50, up 7 handles. 

Market participants can now look forward to more earnings and fedspeak Tuesday.

Among the top components of the index, Microsoft Corp (NASDAQ: MSFT) emerged as the biggest gainer, as the company kicked off its annual Microsoft Build conference. The tech giant was able to advance by $4.60 or 1.01% to close at $458.87 for the day.

That outpaced the cash index’s 0.11% gain by a neat nine times.

On the other hand, Tesla Inc (NASDAQ: TSLA) slumped as the biggest loser, shedding $7.89, or 2.25%, to close at $342.09.