The S&P 500 index futures wrapped up the shortened week in the green, barely, once again showing its habit of finishing near one end of the week’s range. And as has been the theme lately, some of Thursday’s action came straight from a reaction to yet another Trump post on Truth Social.

Overnight trading opened calm, but comments from a Trump address on the Iran conflict quickly spooked the crowd. Bears wasted no time testing Wednesday’s low, and after a brief pause there, the decline kept rolling, bottoming at 6503.75 in the morning. That’s exactly where bulls stepped up and started buying the dip with conviction. After a short pause right after the regular session open, bulls accelerated the rally, especially when a Trump post signaling that full government resumption could be on the way via payments for Homeland Security employees. The rally shot straight up to a high of 6644.50. 

Bears and profit-takers jumped on the pop, but the action soon settled into chop around the psychological 6600 level for the rest of the day. The afternoon stayed comparatively calm, with bulls defending that key zone and slowly clawing back more gains heading into the close. The session concluded somewhat near the day’s high at 6622.25, up 4.50 handles. For the week, that makes for a healthy advance of 210 handles or 3.27%.

Even though Friday is a holiday, eager traders will still get March’s jobs report at 8:30 AM ET. Monday looks quiet on the macro front with only a few smaller-company earnings in the morning and evening.

Among the top components of the index, Microsoft Corp (NASDAQ: MSFT) stood out as the biggest gainer, climbing $4.09 or 1.11% to close at $373.46.

That performance was over a dozen times better than the cash index’s modest 0.09% advance.

On the other hand, Tesla Inc (NASDAQ: TSLA) was the biggest loser. After a Q1 vehicle deliveries report that came in around five percent below expectations, the AI/EV maker dropped $20.67 or 5.42% to close at $360.59.