Tuesday’s trading in the S&P 500 index futures was marked by more fluctuations without a clear direction, with the index swaying between red and green territories. The day was influenced by a series of mixed earnings reports released after Monday’s close and during the premarket session on Tuesday, which left traders and investors without a clear directional bias for the index.
The regular session opened to a choppy start, with the bears initially nudging the index slightly lower by lunchtime. However, support around Monday’s low proved resilient, thwarting any further decline.
In the afternoon, the bulls regained some momentum, pushing the index futures back to their opening levels. This move culminated in a modest rally to Monday’s highs by the final hour of trading.
The session closed with the index futures recording a modest gain of 14 handles, ending at 4895. Notably, the upward trend extended slightly after the closing bell, with the last after-hours print indicating a further increase to 4901.25.
Among the top components of the index, Berkshire Hathaway, Inc. (NYSE: BRK-B) stood out as the day’s most significant gainer. The conglomerate saw its stock increase by $4.08 or 1.11%, closing at $372.14.
That performance was marginally better than the cash index’s gain of 0.29%.
On the other end of the spectrum, JPMorgan Chase & Co. (NYSE: JPM) faced a decline, ending as the session’s biggest loser among the top components. The banking giant’s stock fell by $1.12 or 0.66%, concluding the day at $168.99.
