Tuesday’s S&P 500 index futures session briefly touched a new all-time high but saw sellers dominate, driving a decline as resistance held firm.

Overnight, bulls recovered from an early sell-off, pushing index futures into the green and hitting a new all-time high of 6802.75 just before the bell, forming a triple-top near that level. The regular session opened with profit-takers and bears soon taking control. The decline accelerated after headlines of an FDIC plan to limit bank examiner oversight and reports of Oracle’s $100M loss from unrented NVIDIA chips in the recent quarter. A sharp sell-off followed, with buy-the-dip attempts to halt the slide, eventually bottoming at 6747.25. 

Index futures then chopped between that low and Monday’s low for the rest of the day, closing in the lower half of the day’s range at 6761.50, down 27.25 handles.

Wednesday brings another round of fedspeak and the Minutes of the Fed’s September FOMC meeting at 2:00 PM ET.

Among top index components, Berkshire Hathaway Inc Class B (NYSE: BRK.B) led as the biggest gainer, rising $2.28 or 0.46% to close at $502.30.

That slightly outperformed the cash index’s 0.37% decline. 

Tesla Inc (NASDAQ: TSLA) was the biggest loser, falling $20.16 or 4.45% to close at $433.09 after announcing new, more affordable vehicle trims.