Monday’s session in the S&P 500 index futures snapped a nine-day win streak, as bears took charge and halted the bullish run.
Sunday evening trading opened with sellers steering the bus, starting in the red and driving deeper until support emerged at a premarket low of 5655.25. The regular session kicked off just above that mark, testing the low before bulls sparked a choppy rally.
The climb hit a wall at Friday’s close, peaking at 5706.25 before 3 PM ET, which also coincided with the overnight high. That was also where bears and profit-takers swarmed, slamming the index further into the red. The session closed below the day’s midpoint at 5671.75, down 37.25 handles.
Tuesday brings a flood of earnings, with the FOMC rate decision and press conference looming Wednesday.
Meta Platforms Inc (NASDAQ: META) snagged the biggest win among top components for the second straight day, edging up $2.25, or 0.38%, to close at $599.27.
That outpaced the cash index’s 0.57% drop by nearly one percent.
Berkshire Hathaway Inc Class B (NYSE: BRK.B) slumped as the biggest loser, cratering $27.65, or 5.12%, to close at $512.15 after Warren Buffett announced plans to step down as CEO by year-end.
