Wednesday’s S&P 500 index futures session saw a modest rebound as buyers stepped back in following Tuesday’s intense decline.
Overnight trading was mixed, with futures reaching a high of 6,857 before dipping to 6,748 ahead of the open. The regular session opened near 6,801 and quickly slipped early as sellers tested the lower end of the range. Momentum reversed mid-morning, with buyers reclaiming control and pushing prices steadily higher into midday.
The afternoon featured a continued grind higher, testing the 6,850 zone before fading slightly into the close. By the end of the session, S&P 500 index futures settled at 6,825, up 23 handles or 0.38%, and finishing above the session midpoint.
Volume remained active as traders positioned ahead of Thursday’s session, signaling a cautious but constructive tone heading into the second half of the week.
Thursday brings a wave of earnings reports in both the morning and afternoon.
Among the top components of the index, Tesla (NASDAQ: TSLA) led as the biggest gainer. The EV maker advanced $18.00, or 4.05%, to close at $462.26 for the day.
That performance was roughly 10× stronger than the cash index’s 0.38% advance.
The biggest loser ended up being NVIDIA (NASDAQ: NVDA). For the day, the chipmaker declined $3.48, or 1.75%, to close at $195.21.
