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Daily Wrap-Up: Indecision | Oct 21, 2025

By March 28th, 2026General Articles2 min read

Tuesday’s S&P 500 index futures session saw a tight range and choppy trading amid earnings season kickoff, ending in a scratch close as bulls and bears canceled each other out.

Overnight, bulls held off sellers to avoid a red open, but the session still started near unchanged. Early chop saw sellers briefly take the lead, pushing to a low of 6759.25. Bulls countered, choppily gaining ground to hit a session high of 6789.75 during the lunch hour. Just after, reports of Russia restating Ukraine peace deal terms and Trump casting doubt on a Xi meeting helped spur a quick sell-off, dragging futures back to unchanged, where bids barely held under that level.

Bulls clawed back into green territory for most of the afternoon, but late buying on closing imbalances was erased by sellers in the final minutes. The session closed near the day’s midpoint at 6773.25, down 0.50 handles.

Wednesday brings another wave of earnings in the morning and evening, including Tesla, Inc. (NASDAQ: TSLA) at approximately 4:07 PM ET.

Among top index components, Amazon.com Inc (NASDAQ: AMZN) led as the biggest gainer, rising $5.55 or 2.56% to close at $222.03, rebounding from recent losses.

For those who like the math done for them, that outperformed the cash index’s scratch session by over two and a half percent. 

Alphabet Inc (NASDAQ: GOOGL) was the biggest loser, falling $6.09 or 2.37% to close at $250.46, pressured by reports of OpenAI launching a competing AI-focused browser to challenge Chrome.