The S&P 500 index futures started the abbreviated Thanksgiving week on a strong note, with bulls reclaiming more than half of last week’s losses in convincing fashion.

Overnight trading stayed solidly green, with the early low marked at 6625. Fed comments supporting a December rate cut added fuel, setting up a comfortable green open for the regular session. Bulls wasted no time, punching straight through Friday’s high at the bell, though sellers briefly capped the move. After a short, but sharp selloff, support held firmly around 6650, and buyers quickly resumed control in whipsaw fashion, driving the index futures to fresh session highs.

The afternoon saw the rally plateau calmly in the 6720s. A final push minutes before the close reached the day’s high of 6731.75 before minor profit-taking trimmed the top. The regular session closed near that peak at 6721.25, up a robust 101 handles.

Tuesday brings September’s Producer Price Index (PPI) at 8:30 AM ET, plus a full slate of earnings morning and evening.

Among top index components, Broadcom Inc (NASDAQ: AVGO) dominated as the biggest gainer, soaring $37.76 or 11.10% to close at $377.96, helped by strong semiconductor demand reports and rising December rate-cut odds.

That outperformed the cash index’s 1.47% gain by a magnificent seven times. 

Conversely, Walmart Inc (NYSE: WMT) was the biggest loser, slipping $1.26 or 1.20% to close at $104.06.