Tuesday’s S&P 500 index futures session swung wildly as trade-related headlines drove reactions in both directions.

Overnight trading initially set a bearish tone, with momentum continuing after the opening bell as sellers pushed the index to a new low of 6593.25. The decline paused when reports emerged of India seeking to accelerate US trade talks, helping to spark a bullish reversal. The rally gained traction, holding steady and peaking at 6722.50 by the end of the lunch hour before plateauing just below that level. 

Late in the session, a Trump post hinting at potential US-China trade restrictions rattled investors, erasing the day’s gains. The session closed above the day’s midpoint at 6686.50, down 8.25 handles.

Wednesday brings more earnings, including major banks in the morning, alongside fedspeak and the Fed’s Beige Book in the afternoon.

Among top index components, Berkshire Hathaway Inc (NYSE: BRK.B) led as the biggest gainer, rising $4.04 or 0.82% to close at $495.97.

That outperformed the cash index’s 0.12% decline by nearly one percent. 

Conversely, NVIDIA Corp (NASDAQ: NVDA) was the biggest loser, dropping $8.31 or 4.41% to close at $180.01. Investors seemed to lighten their positions after reports of Oracle opting for competitor AMD’s AI chips.