Tuesday’s S&P 500 index futures session squeezed into an even tighter range as traders brace for Wednesday’s Fed decision.

Overnight trading stayed quiet until China’s reported plan to limit Nvidia H200 access seemed to spark brief volatility and set the premarket low near 6845. Bears retested that level into the open, but support held and dip-buyers responded. September and October JOLTS job openings both beat expectations, briefly capping the early rally. After some chop, bulls pushed past that area before lunch, reaching a 6872.75 high. 

Bulls vanished post-lunch, and a choppy decline steadily returned to lows. A flush of selling probed support during the final minutes. The regular session closed near the day’s low at 6848.25, down 7.50 handles, and the low was slightly extended to 6844 after hours.

Wednesday delivers the FOMC interest-rate decision at 2:00 PM ET, followed by Chair Powell’s press conference, among a few earnings reports in the morning and evening.

Among top index components, Broadcom Inc (NASDAQ: AVGO) emerged as the biggest gainer for the third straight day. The chip designer rose $5.19 or 1.29% to $406.29, marking a new all-time closing high.

That performance was over one percent better than the cash index’s 0.09% decline.

The biggest loser was Meta Platforms Inc (NASDAQ: META). For the day, the tech conglomerate declined $9.84 or 1.48% to $656.96.