Tuesday’s session in the S&P 500 index futures launched September with a bearish tilt, as sellers dominated early while dip-buyers and sector rotation kept losses in check. 

Overnight, sellers gained the upper hand after hitting a Sunday night high of 6491.50, driving the index down from there. The regular session opened just below 6400, with bulls scraping for a bid near the premarket low. A fleeting rally to the 6425 area fizzled as bears soon pushed to new lows. 

Bulls found support near a quadruple-bottom in the 6360-6370 zone, bottoming at 6371.75, and clawed back slowly after the lunch hour, grinding upward through a fairly uneventful afternoon. The session closed without fanfare, slightly below the day’s midpoint at 6425.50, down 47.25 handles. 

Wednesday brings the latest Fed Beige Book and more earnings. 

Eli Lilly And Co (NYSE: LLY) snagged the biggest win among top components, climbing $2.61, or 0.36%, to close at $735.19.

That outpaced the cash index’s 0.74% drop by over one percent. 

NVIDIA Corp (NASDAQ: NVDA) slumped as the biggest loser, shedding $3.40, or 1.95%, to close at $170.78 as investors adjusted their portfolios away from tech and growth.