Tuesday’s session in the S&P 500 index futures was another wild ride, dipping well into the red before bulls pulled off an April Fools twist to close ahead. 

Overnight and premarket hours spun a rollercoaster to nowhere, setting a choppy tone. The regular session kicked off in the red, with bulls and bears slugging it out, anxious to gauge Wednesday’s tariff rollout and upcoming economic data.

Around 10:00 AM ET, a flurry of data hit: February’s JOLTS job openings undershot at 7.568M (vs. 7.690M expected), March’s ISM Manufacturing PMI at 49.0% (vs. 49.5% expected), and other macro headlines piled on. Sellers pounced, slicing through support to crack the premarket low. Bulls quickly found traction at the psychological 5600 area, sparking a rebound that roared past the premarket high.

Resistance stalled the surge just shy of the 5700 mark (5694.75), and bears grabbed the reins once again. Support kicked in near the regular session open in the 5630s, igniting a bull-led buying spree that held firm to the close. Finishing with gusto, the session wrapped up in the upper half of the day’s range at 5674.50, notching a gain of 21.25 handles. 

Wednesday is slated to bring more fedspeak, plus the ADP Employment report at 8:15 AM ET as a teaser for Friday’s jobs data.

Among the index’s top components, Tesla Inc (NASDAQ: TSLA) marched to the top as the biggest gainer. The EV maker surged $9.30, or 3.59%, to close at $268.46. 

That leap outpaced the cash index’s 0.28% gain by over a dozen times.

On the flip side, Eli Lilly And Co (NYSE: LLY) stumbled as the day’s biggest loser. The healthcare company shed $20.68, or 2.50%, closing at $805.23, hit by the session’s chop.