The S&P 500 index futures made new yearly lows early in Thursday’s session before choppy trading took hold for much of the day. That is, until bulls attempted a recovery.

Overnight, bulls struggled to maintain gains, reaching a high of 6695 before bears added pressure into the morning. Just before the open, bears tested last week’s low, and after the bell, they drove index futures to a new yearly low of 6611.75 in the front-month contract. Bulls fought back, but were unable to sustain any rally. Index futures chopped just under Wednesday’s low for most of the day. 

Late-day headlines that included Jeff Bezos being in talks to raise $100B for an AI manufacturing fund seemed to inject some buying interest, and the bulls rocketed index futures back near the overnight high. Selling returned late, pulling the session back into the red. The session closed above the day’s midpoint at 6660, down 17 handles.

Friday brings a break from planned macro news and no notable earnings reports. However, as the third Friday of the month and nearing quarter-end, quad-witching may add some volatility.

Among the top components of the index, Broadcom Inc (NASDAQ: AVGO) stood out as the biggest gainer, advancing $3.92 or 1.24% to close at $319.85.

That performance was still better than the cash index’s 0.25% decline.

On the other hand, Tesla Inc (NASDAQ: TSLA) was the biggest loser, dropping $12.48 or 3.18% to close at $380.30.