Wednesday’s session in the S&P 500 index futures dawdled through one of the tightest ranges in nearly two months, with neither bulls nor bears seizing firm control.

Overnight, bulls and bears swapped jabs in red and green, neither gaining much ground, with resistance holding at Tuesday’s high despite repeated tests. The regular session opened with another failed push, peaking at 5925 before sellers triggered a swift dip into the red. Morning action seesawed around unchanged, with bulls and bears locked in a tug-of-war that persisted all day. 

A brief afternoon sell-off pushed the day’s low to 5890, but bulls clawed back most losses by the close. The session ended nearly dead-center in the day’s range at 5908.50, up a mere 4 handles.

Thursday brings the PPI report at 8:30 AM ET and a speech from Fed Chair Jerome Powell shortly thereafter. 

NVIDIA Corp (NASDAQ: NVDA) snagged the biggest win among top components for the second straight day, climbing $5.41, or 4.16%, to close at $135.34.

For those keeping track, that outpaced the cash index’s 0.13% gain by over 32 times. 

On the other hand, Eli Lilly And Co (NYSE: LLY) slumped as the biggest loser for the second consecutive day, shedding $30.50, or 4.09%, to close at $715.56. The issue was hit by healthcare sector woes after peers cut guidance amid looming regulatory uncertainty.