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Daily Wrap-Up: Sliding to TACO | Mar 26, 2026

By June 15th, 2026General Articles2 min read

The S&P 500 index futures declined steadily Thursday as Iran tensions and partial government shutdown reports weighed on the market, though a late Trump post provided a sharp after-hours boost.

Overnight, bulls attempted a couple rallies but topped out just above Wednesday’s close at 6647 before fading through the night. By the regular session open, bears pressed for new lows but early dip buyers stepped in. The rally proved short-lived as resistance held near Wednesday’s low held steady. Once that level failed to break, bears took full control and drove a steady decline through the rest of the session.

The session closed near the day’s low at 6525, down 115.75 handles. In after hours trading, the low extended to 6517 before a Trump post about pausing energy plant disruption for 10 days helped trigger a strong rally that nearly reached the psychological 6600 level. The pop was mostly sold off by the final after-hours print.

Friday brings a small handful of earnings reports in the morning.

Among the top components of the index, Apple Inc (NASDAQ: AAPL) stood out as the biggest gainer, edging up $0.27 or 0.11% to close at $252.89.

That performance was nearly two percent better than the cash index’s 1.79% decline.

On the other hand, Meta Platforms Inc (NASDAQ: META) was the biggest loser, plunging $47.14 or 7.92% to close at $547.75 after reports of a court ruling holding Meta and Alphabet liable for building services with addictive features.