Thursday’s S&P 500 index futures session left traders and investors reeling from earnings, macro data, tariff and trade deal headlines, but it was ultimately the sell-the-rippers who claimed victory.

Overnight, bulls rode the stellar Meta and Microsoft earnings wave from Wednesday, pushing to a new all-time high of 6468.50 early morning. Even June’s PCE index ticking up 0.1% above expectations didn’t rattle the bulls or bears much, but perhaps the bears were biding their time. By the opening bell, bulls had clung to most gains, but sellers soon swarmed the bid.

Bulls first fought to hold at the 6400 level, then Wednesday’s low, but that line broke in the final minutes as bulls and bears battled for dominance. The session wrapped in the lower half of the range at 6374.25, down 22 handles, with after-hours extending the day’s low to 6357.50. For the month, the index futures notched a modest 120.50-handle or 1.93% gain. 

Tomorrow brings July’s US Employment report at 8:30 AM ET and a few morning earnings.

Among the top components, Meta Platforms Inc (NASDAQ: META) soared as the biggest gainer, jumping $78.23, or 11.25%, to $773.44 after a top- and bottom-line beat from its report released Wednesday, also being boosted by analyst price target hikes Thursday.

That outpaced the cash index’s 0.38% dip by over 11 percent.

On the other hand, Tesla Inc (NASDAQ: TSLA) tanked as the biggest loser, sliding $10.77, or 3.38%, to close $308.27.