Tuesday’s S&P 500 index futures snapped a six-day win streak with a choppy session, barely scraping by with a loss. 

Overnight, bulls tried to lift the index, but bears and profit-takers dragged it back into the red before the opening bell, with selling pressure persisting until support held near Monday’s low at 6227.25. The bulls staged a rally from that base, carrying momentum into the regular session, only to face an immediate selloff after touching unchanged. 

Fed Chair Powell’s “nothing has changed with regard to swap lines” comments helped the bears dip back to the premarket low. A second, choppier bull comeback followed, with both sides slugging it out in the afternoon. The bulls ran into resistance at Monday’s high, topping out at 6261.50 before fading. The Senate’s passage of the “Big Beautiful Bill” and Trump’s comments on not extending the tariff pause stance beyond July 9 added fuel to the volatility.

The close hovered near the day’s midpoint, as the bulls and bears finished with a tug-of-war. The index futures closed at 6248.75, down 5 handles.

Looking ahead, market participants can digest tomorrow’s ADP employment numbers at 8:15 AM ET.

Apple Inc (NASDAQ: AAPL) led the top components, climbing $2.65, or 1.29%, to close at $207.82.

That outpaced the cash index’s 0.03% dip by over 1%. 

On the other hand, Tesla Inc (NASDAQ: TSLA) tanked as the biggest loser for the second day in a row, shedding $16.95, or 5.34%, to $300.71. Investors were rattled by Elon’s renewed congressional spending bill jabs and Trump’s counterpunches.