Monday’s S&P 500 index futures session marked the first trading day of November, bringing renewed volatility as bulls and bears battled for control.
The overnight session set the tone, with index futures reaching a high of 6,909 and a low of 6,849. The regular session opened around 6,878, with initial attempts by sellers to drive lower, only for buyers to regain momentum by midday.
Price action was volatile, with a sharp dip late morning, bottoming near the day’s low, followed by an afternoon recovery with buyers steadily climbing back toward the midpoint.
Trading volumes stayed elevated as participants adjusted for positioning. Bulls managed to keep afternoon pullbacks in check, propelling index futures back near the day’s midpoint. By the closing bell, the session finished at 6,882, gaining 8.75 handles versus Friday’s close. A solid start, though short of the day’s premarket and intraday highs.
Tuesday brings a wave of earnings reports in both the morning and afternoon.
Among the top components of the index, Amazon (NASDAQ: AMZN) led as the biggest gainer. The e-commerce giant advanced $9.84 or 4.03% to close at $254.00 for the day.
That performance was about 30× better than the cash index’s 0.13% advance.
The biggest loser ended up being Broadcom (NASDAQ: AVGO). For the day, the chip designer declined $7.06 or 1.91% to close at $362.55.
