Wednesday delivered a fairly tight, range-bound session in the S&P 500 index futures, with bulls and bears taking their turns inside a narrow band before the index futures settled near the day’s high.

Overnight, bulls maintained a slight uplift, keeping the index futures near the psychological 7600 area. June’s Producer Price Index (PPI) came in below expectations like CPI did, at -0.3% month-over-month versus 0.0% expected, with Core PPI at 0.1% versus 0.3% expected, and bulls once again instigated a small rally before the open.

Chop picked up once the opening bell rang, with bulls shooting up to a high of 7626.25 within a matter of minutes to form a double-top with Friday’s high. After another test of support near 7600 and then a test of resistance at the day’s high, bears started to add pressure. A very choppy decline took place, with bulls holding onto Tuesday’s close for the most part, until that support broke over the lunch hour and bears pressed sharply lower to a low of 7571.75. That low was picked up in no time, and the bulls easily broke back through unchanged. The rally continued into the green in the afternoon but fell short of the day’s high. The session concluded near the day’s high at 7614.75, gaining 23.50 handles.

Tomorrow, market participants can look forward to June’s retail report at 8:30 AM ET, a few other minor macro datapoints, along with some major earnings reports both before the open and after the close.

Among the top components of the index, Apple Inc (NASDAQ: AAPL) emerged as the biggest gainer. The tech giant advanced by $12.64 or 4.01% to close at $327.50 for the day, making new all-time highs in the process.

That performance was an order of magnitude better than the cash index’s advance of 0.40%.

Conversely, the biggest loser ended up being Walmart Inc (NYSE: WMT). For the day, the retail giant declined by $1.17 or 1.03% to close at $112.53.