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Daily Wrap-Up: New All-Time High? Sold! | Jul 28, 2025

By March 28th, 2026General Articles2 min read

The S&P 500 index futures kicked off the week with a weekend lift, but all gains evaporated by Monday’s close.

Overnight, bulls seized control, driving the all-time high to 6457.75 by early morning, only to see it unravel as bears and profit-takers took over. Before the open, Trump’s remarks on stalled Russia progress and a new deadline in 10-12 days sparked a short selloff. The regular session opened with bulls and bears duking it out just above unchanged, but the bulls couldn’t hold their ground, slipping into the red as the day wore on.

Just after lunch, bulls found their footing at 6408.75, above Friday’s low and the psychological 6400 level, sparking a choppy afternoon just above that mark. Late buyers rallied to trim losses, but the session wrapped below the midpoint at 6424.50, down 0.50 handles. 

Tomorrow, traders can brace for June’s Advanced U.S. trade balance and inventories at 8:30 AM ET, plus a flood of morning and afternoon earnings.

Among the top components, Tesla Inc (NASDAQ: TSLA) emerged as the biggest gainer for the second straight day, advancing $9.53, or 3.02%, to close at $325.59.

That outpaced the cash index’s 0.03% dip by over three percent.

On the other hand, Eli Lilly And Co (NYSE: LLY) tanked as the biggest loser, declining $4.58, or 0.56%, to close at $808.11.