Friday’s S&P 500 index futures session started near the week’s highs but finished right back at the bottom of the recent consolidation range, capping another consolidating week.

Overnight action sold off the initial Broadcom earnings pop, setting the day’s high at 6915.50. Yet, bulls clung on near Thursday’s close into the open. Once the regular session began, selling pressure quickly overwhelmed bids. A choppy early decline accelerated after support in the 6850s gave way. Support finally held at 6805 just before lunch, forming a double-bottom with last week’s low. 

Bulls clawed back to the 6850s after lunch, but former support flipped to resistance and bears took over again. The afternoon selloff steepened into the bell, though buyers prevented a full retest of the lows in the final minutes. The regular session closed in the lower half of the day’s range at 6830.75, down 76.50 handles. For the week, the index futures shed 47.50 handles or 0.69%.

Next week brings November’s jobs report Tuesday, November CPI Thursday, scattered fedspeak, and a small handful of earnings.

Among top index components, Tesla Inc (NASDAQ: TSLA) emerged as the biggest gainer. The AI/EV company rose $12.07 or 2.70% to close at $458.96.

That performance was over three percent better than the cash index’s 1.08% decline.

On the other hand, the biggest loser by far was Broadcom Inc (NASDAQ: AVGO). Despite top- and bottom-line beats, the chip designer plunged $46.44 or 11.43% to close at $359.93 after investors aggressively sold the initial after-hours pop and punished a forecasted gross-margin decline. Even analyst price-target hikes failed to stem the bleeding.