The S&P 500 index futures saw another deep dip early as fears over the latest Middle East conflict intensified, but bulls remained undeterred and were aided by positive headlines suggesting coming resolution.

Sunday night bids evaporated and index futures plunged nearly straight down to a low of 6584.50. From there, bulls slowly rebuilt bids through the night, reaching resistance at the psychological 6700 level before the regular session. After the bell, bears briefly took control again, pushing down about 50 handles. After the first hour, bulls gained momentum and launched a slow, steady rally that broke through the premarket high. The afternoon featured a calm retest of that resistance level, now turned support, allowing bulls to regain control. 

In the final hour, Trump comments and reports indicating the Iran conflict might resolve sooner than expected sparked a sharp rally past Friday’s close and comfortably into the green. The move topped at 6818.50 before tapering slightly. The session closed near the day’s high at 6801, up 57.25 handles.

Tuesday brings minor macro data in the morning along with some earnings reports morning and evening.

Among the top components of the index, Broadcom Inc (NASDAQ: AVGO) stood out as the biggest gainer, surging $15.27 or 4.62% to close at $345.75.

That performance was over a fabulous five times better than the cash index’s 0.88% advance.

On the other hand, Berkshire Hathaway Inc (NYSE: BRK.B) was the biggest loser, edging down $1.78 or 0.36% to close at $497.20.