Monday’s S&P 500 index futures session saw tariff fears resurface, handing bears the edge after the recent reprieve from tariff headlines.

Sunday night, bulls fought to hold the index above 6300, peaking at 6315 before the opening bell, but it was clear early on that bears would dominate the regular session. The decline rolled steadily through the morning, spiking with a flush of selling that breached Friday’s low, triggered by reports of tariffs hitting various countries on August 1. Bulls countered, turning the afternoon into a choppy standoff.

Another sell-off wave slammed the index to a day’s low of 6246.25, still above Thursday’s bottom, but buy-the-dippers jumped in for a quick bounce. Last-minute buyers trimmed losses further, though the session closed below the midpoint at 6276, down 48.25 handles. 

Tomorrow offers a light menu of small earnings and minor macro data.

Among the top components, Amazon.com Inc (NASDAQ: AMZN) was the one and only winner, inching up $0.06, or 0.03%, to $223.47.

That edged out the cash index’s 0.75% dip.

On the other hand, Tesla Inc (NASDAQ: TSLA) tanked as the biggest loser, plunging $21.41, or 6.79%, to $293.94 after Musk’s weekend bombshell about forming a new political party.