Tuesday’s S&P 500 index futures session kept their slow melt-up alive, locking in a third straight win.
Overnight, bulls punched through Monday’s high, but bears fought back, probing Monday’s low. The bulls held firm at 5991.25, marking Tuesday’s low, before powering back into positive territory by the opening bell, setting the stage for a bullish tilt.
In regular session trading, bulls drove most of the action, shrugging off brief selling spells. They notched a day’s high of 6049.50 in the final hour, and despite late profit-taking, buying capped the session near the peak. The index futures closed at 6045, up 34.75 handles.
Tomorrow, market participants can look forward to May’s consumer price index inflation data at 8:30 AM ET.
Tesla Inc (NASDAQ: TSLA) dominated amongst the top components again, surging $17.51, or 5.67%, to $326.09, its third day atop the pile.
That leap dwarfed the cash index’s 0.57% nudge, outpacing it by over nine times.
Conversely, Berkshire Hathaway Inc Class B (NYSE: BRK.B) continued its stumble and claimed the biggest loser spot, shedding $2.20, or 0.45%, to $491.13.
