Thursday’s S&P 500 index futures session saw a fierce tug-of-war, with sell-the-rip and buy-the-dip moves breaking the recent quadruple-top early but failing to hold.

By early morning, bulls powered to a day’s high of 6426.75, helped out by Trump’s tariff exemptions for chipmakers investing in US manufacturing, sparking a tech rally. Overnight gains faded fast, though. The regular session opened just above the psychological 6400 level, but offers stacked up as Fed’s Bostic warned tariffs might pressure prices (and the Fed) for a year, helping to fuel bearish pressure.

Bears dragged the index below 6400, sliding steadily into the red until the final two hours, where bulls set a low at 6334.50. Dip-buyers jumped in, nearly erasing all losses by the close, but the session wrapped below the midpoint at 6366.50, down 4.50 handles. 

Tomorrow is set to bring a light earnings slate in the morning.

Among the top components, Apple Inc (NASDAQ: AAPL) led the charge, surging $6.78, or 3.17%, to close $220.03, riding Wednesday’s momentum and tariff-news.

That outpaced the cash index’s 0.08% dip by over three percent.

On the other hand, Eli Lilly And Co (NYSE: LLY) tanked as the biggest loser, plunging $105.87, or 14.18%, to $640.86 despite raising guidance in its morning earnings, as investors fretted over late-stage trial data for its oral weight loss drug.