The S&P 500 index futures broke its three-day losing streak Tuesday, finishing the month with a decent recovery.

Overnight, a new yearly low was printed at 6353.25 forming a double-bottom before bulls quickly distanced themselves from that level. A Monday evening report that Trump was prepared to end the Iran campaign without reopening Hormuz seemed to help fuel the move. Bulls held bids overnight and broke through the premarket high soon after the regular session open, encountering morning resistance at the psychological 6500 level. Reports of Iran’s President being ready to end the war seemed to help the bulls with an afternoon boost, blasting through that resistance level. Bulls neared Friday’s high before a slight retreat. 

The rally continued steadily into the close reaching a high of 6583.25, just minutes before the bell. The session concluded somewhat near the day’s high at 6570.75 up a very healthy 182.50 handles. For the month, that still represents a loss of 369.90 handles or 5.33%.

Wednesday brings February’s US retail sales data at 8:30 AM ET, some fedspeak in the morning, March’s S&P manufacturing PMI and ISM manufacturing data after the open, along with a small handful of earnings reports in the morning and evening.

Among the top components of the index Meta Platforms Inc (NASDAQ: META) stood out as the biggest gainer for the second day in a row, surging $35.75 or 6.67% to close at $572.13.

That performance was over two times better than the cash index’s 2.91% advance.

Conversely, Walmart Inc (NYSE: WMT) was the biggest loser declining $0.77 or 0.62% to close at $124.27.