The S&P 500 index futures started Wednesday with another early dip amid ongoing Iran war reports, but bulls stepped in decisively to break the losing streak and close with a solid win.

Overnight, index futures traded back and forth on fresh geopolitical headlines, bottoming at 6773.50 in the middle of the night before bulls began buying the dip. They pushed back into the green, piercing through Tuesday’s close, then chopping through the rest of premarket. The regular session opened slightly green, though bears tested unchanged right after the bell. Bids held firm, and with February’s S&P final U.S. services PMI coming in just below expectations, bulls seemed to gain traction. ISM services data then arrived hotter than anticipated at 56.1% versus 53.5% expected, helping bulls rally to new session highs. 

Momentum slowed as index futures approached the psychological 6900 area, topping at 6894. In the final hour, only light selling and profit-taking appeared. The session closed in the upper half of the day’s range at 6876, up 51.25 handles.

Thursday brings Q4’s US productivity report and January’s import price index at 8:30 AM ET, plus a busy earnings calendar morning and evening.

Among the top components of the index, Amazon.com Inc (NASDAQ: AMZN) stood out as the biggest gainer, climbing $8.09 or 3.88% to close at $216.82.

That performance was over a fabulous five times better than the cash index’s 0.71% advance.

Conversely, Apple Inc (NASDAQ: AAPL) was the biggest loser, slipping $1.23 or 0.47% to close at $262.52.