Tuesday’s S&P 500 index futures ended in a scratch session, chopping within a muted range that left investors with little to cheer.

Overnight, bulls clawed up from a low of 6254.50 into the green, but hit resistance just above the daily pivot, topping out at 6289 by early morning. The bulls and bears then duked it out between that peak and Monday’s close, setting the stage for a tussle. The regular session opened with selling, and bears quickly shoved the index into the red after the initial action.

The index oscillated around unchanged all day, with bulls nudging resistance at the premarket high only to dip back into the red. Trump headlines helped some of the volatility, including calling for Powell’s immediate resignation and hinting at semiconductor and copper tariffs. The session wrapped nearly dead-on at the day’s midpoint at 6272, down 4 handles. 

Tomorrow, traders can digest a few earnings along with the Fed’s May FOMC minutes at 2:00 PM ET.

Among the top components of the index, Tesla Inc (NASDAQ: TSLA) flipped its role from Monday and emerged as the biggest gainer. The AI/EV maker was able to advance by $3.87 or 1.32% to close at $297.81 for the day.

That outpaced the cash index’s 0.05% dip by over one percent.

On the other hand, JPMorgan Chase & Co (NYSE: JPM) tanked as the biggest loser, shedding $9.05, or 3.10%, to $282.78 after an HSBC downgrade rattled investors.