Friday’s S&P 500 index futures session inched to new all-time highs, but sellers kept selling the rip and buyers kept buying the dip, fitting July’s theme of no sustained momentum.

Overnight, bulls carried Thursday’s rally, hitting a new all-time high of 6357 early Friday morning. However, bears and profit-takers tested the bulls’ resolve at unchanged during premarket hours. The regular session opened green but below the premarket high, and bears pounced straight away. 

At 10:00 AM ET, Michigan’s consumer survey showed 1-year inflation expectations at 4.4% versus 5.0% prior, and slightly topped forecasts for sentiment and consumer expectations. The news helped spark a quick pop nearing the premarket high, but the pop was sold off nearly instantly, with bears pressing lower into the red. Bulls finally held at the daily pivot, bottoming at 6323.25 over lunch. The afternoon turned choppy, with dips getting bought and forming a rough upward trend. The session wrapped below the day’s midpoint at 6334.75, down 5.75 handles. For the week, that still makes for a gain of 34.75 handles or 0.55%.

Next week, earnings season ramps into full swing, with two top components reporting Wednesday evening among others.

Among the top components, Tesla Inc (NASDAQ: TSLA) emerged as the biggest gainer, advancing $10.24, or 3.21%, to close at $329.65 ahead of its upcoming earnings report on Wednesday.

That outpaced the cash index’s 0.07% dip by over three percent.

On the other hand, Broadcom Inc (NASDAQ: AVGO) tanked as the biggest loser, declining $3.11, or 1.09%, to close at $283.34.