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Daily Wrap-Up: Grinding Higher | June 3, 2025

By March 28th, 2026General Articles2 min read

Tuesday’s S&P 500 index futures session echoed Monday’s playbook, with bulls clawing back from an early stumble to notch a gritty win.

Overnight, a slow bleed pushed prices down, but bulls dug in above the psychological 5900 mark, bottoming at 5909.25. From that foothold, bids built steadily, lifting the index into the regular session without looking back. It didn’t take too much to breach the premarket high following the opening bell, after which there was hardly a red candle in sight.

Buying momentum finally waned just below the psychological 6000 level, reaching a high of 5991.25, and bears and profit-takers took their turn. They were possibly aided by a tweet by Elon Musk that criticized the new congressional spending bill, as well as some slightly hawkish comments from Fed’s Cook.

Sellers couldn’t sustain the pressure, though, as bulls kept bids alive beneath the day’s peak. The session wrapped near its high at 5981.50, pocketing 34.25 handles. 

Wednesday offers some likely tame macro data, with ADP employment numbers at 8:15 AM ET and the Fed Beige Book at 2:00 PM ET. 

Among top components, Broadcom Inc (NASDAQ: AVGO) led the pack as the biggest winner, leaping $8.14, or 3.27%, to an all-time high and closing-high of $256.85.

That smoked the cash index’s 0.57% climb by more than fivefold.

Conversely, Alphabet Inc (NASDAQ: GOOGL) ate the day’s biggest loss for the second day in a row, shedding $2.85, or 1.69%, to $166.18.