The S&P 500 index futures kicked off the shortened week with a sharp selloff driven by geopolitical concerns, closing near session lows after a volatile Tuesday.

Overnight trading saw bears in control, with an early high of 6935 set amid reports of a Japanese bond market selloff and renewed tariff tensions between Europe and the US. The regular session opened more than 100 handles in the red, quickly settling into chop. Buy-the-dippers soon overwhelmed sellers, sparking a rally that stalled at the psychological 6900 level. Multiple attempts to break higher failed, and selling resumed in the afternoon. 

The premarket low was breached in the final two hours, with the day’s low of 6822.25 printed just before the close. The session ended near the lows at 6829.50, a swoon of 147.25 handles.

Tuesday brings another wave of earnings reports in the morning and evening.

No top index components escaped the selloff, with Walmart Inc (NYSE: WMT) faring best as the smallest loser, slipping $0.99 or 0.83% to close at $118.71. 

That performance was over one percent better than the cash index’s decline of 2.04%. 

Broadcom Inc (NASDAQ: AVGO) was the biggest loser, as tech components took the hardest hits, dropping $19.11 or 5.43% to close at $332.60.