Friday’s S&P 500 index futures session saw dip-buyers reverse early losses, closing near flat and capping a week of no progress in either direction.
Overnight, bears extended Thursday’s decline toward last week’s low. Sellers pushed below the premarket low at the open to a session bottom of 6670.50. Bulls quickly countered, sparking a steady morning rally to a high of 6795.50 where momentum slowed during lunch. The afternoon focused on defending unchanged, with occasional red dips but mostly successful holds.
Little action occurred in the final minutes and the session closed above the day’s midpoint at 6755.25, down a negligible 4.75 handles. That marks the fourth recent close in this area. Weekly performance was a scratch gain of 1.50 handles or 0.02%.
Next week brings September’s jobs report, and hopefully other macro data now that the shutdown has ended, along with earnings, including NVIDIA Corp. (NASDAQ: NVDA) Wednesday evening.
Among top index components, NVIDIA Corp (NASDAQ: NVDA) led as the biggest gainer, rebounding with a $3.31 or 1.77% rise to close at $190.17.
That outperformed the cash index’s 0.02% decline by over one percent.
Conversely, Amazon.com Inc (NASDAQ: AMZN) was the biggest loser, falling $2.89 or 1.22% to close at $234.69.
