Tuesday’s S&P 500 index futures session mirrored Monday’s pattern, kicking off near the lows and charging to a relatively strong finish. 

The overnight session quickly bottomed out at 6075.25 as bulls quickly took the reins. Buyers continued to push higher through the early morning hours. By the regular session open, bears had shaved some gains off the premarket high, only to see bulls lock in support at a previous triple-top around 6110. When the Iran-Israel ceasefire collapsed post-open, bears probed support again, but bulls countered with a firm bid, igniting a rally that carried the day. 

That rally rolled steadily into the afternoon, pausing briefly near the premarket high before surging to a new daily peak of 6155.25 just before the close. Sellers scrambled in the final minutes, but the bulls held firm, sealing the session near its high, up 69.25 handles at 6146.25. 

Looking ahead, Wednesday promises a few more earnings reports along with more comments from Fed Chair Powell in the morning.

Broadcom Inc (AVGO) stole the spotlight among top components, rocketing $10.00, or 3.94%, to a record close of $263.77.

That more than tripled the cash index’s 1.10% rise. 

On the other hand, Tesla Inc (TSLA) hit the brakes on its winning streak, sliding $8.21, or 2.35%, to $340.47, as the robotaxi news cooled off.