Wednesday’s session in the S&P 500 index futures churned through choppy consolidation near all-time highs, with dip-buyers thwarting a third straight loss.

Overnight, bulls held Tuesday’s close, anchoring a bottom at 6425.50 and carving a slight edge by the regular session’s open. A chopfest erupted after the opening bell, with bulls pulling ahead after the first hour, only to slam into resistance at the day’s high of 6464.25. Sellers then seized control, who were further assisted by somewhat hawkish Fed comments from Kashkari, driving lower post-lunch. 

Bulls came in to defend the premarket low, and dip-buyers roared back in the final half hour with a relentless bid. The session closed in the upper half of the day’s range at 6457.25, up 31.75 handles. 

Thursday brings ADP’s employment report and other macro data in the morning, along with evening earnings, including Broadcom, Inc (NASDAQ: AVGO) at 4:15 PM ET. 

Alphabet Inc (NASDAQ: GOOGL) snagged the biggest win among top components, soaring $19.31, or 9.14%, to close at $230.66, hitting all-time highs after a US court ruling eased antitrust fears.

That outpaced the cash index’s 0.54% gain by a sweet 16 times. 

NVIDIA Corp (NASDAQ: NVDA) slumped as the biggest loser for the second straight day, dipping $0.16, or 0.09%, to close at $170.62.