Friday’s session in the S&P 500 index futures capped the week on a high note, establishing a four-day win streak but still sitting within resistance in the 5520-5565 zone. The session also reestablishes the index futures’ propensity to finish the week on an extreme end.

Overnight, bulls surfed momentum from Alphabet Inc’s (NASDAQ: GOOG, GOOGL) robust earnings, only to hit turbulence by 6:00 AM ET when bears dragged the index into the red. Reports surfaced of Trump claiming new trade deals within weeks, while separate accounts noted China’s President Xi calling Trump, though China denied tariff talks. Bulls found their footing in the 5480s, then turning premarket trading into a choppy stalemate slightly in the red. 

The regular session opened with wild swings, but bulls held firm near the premarket low, cementing the day’s low at 5480.25 and igniting a rally that reclaimed premarket highs around the 5554 area. Bears clawed back, but bulls fended off a dip into the red, securing the close near the day’s high at 5549.75, up 38.50 handles. After-hours trading pushed the week’s peak to 5562.25. For the week, that also marked a gain of 237 handles, or 4.46%.

Next week brings a deluge of earnings, including those from Microsoft Corp (NASDAQ: MSFT), Meta Platforms, Inc (NASDAQ: META), Amazon.com, Inc (NASDAQ: AMZN), and Apple Inc (NASDAQ: AAPL), plus Q1 GDP, March PCE Index, and April’s employment report. 

Tesla Inc (NASDAQ: TSLA) snagged the biggest win among top components, surging $25.44, or 9.80%, to close at $284.95, helped along by Q1 earnings momentum and imminent FSD and Robotaxi rollouts.

That outpaced the cash index’s 0.72% gain by a lucky 13 times. 

There were finally losers among the top components, the biggest of which was JPMorgan Chase & Co (NYSE: JPM). For the day, the banking behemoth declined by $1.09 or 0.45% to close at $243.55.