The S&P 500 index futures took a breather in Wednesday’s session, declining by 31.00 handles to close at 4276.75. That ranks as the third highest close for the recent rebound.
The premarket rally off the 6:00 PM EST open found sellers ahead of the high for the rebound (4315 vs. 4327.50). The lunchtime swoon found support ahead of Monday’s low (4355 vs. 4249).
The rally off the release of the Fed minutes could not reach the highest close for the move (4207.75), stalling at 4305.25.
All in all, it was not a good day, but not bad enough to predict the rally (off the June low) has ended.
Apple Inc. (NASDAQ: AAPL) continued its relentless move higher and was the biggest winner of the top components of the index. Its winning streak was extended to four sessions by gaining $1.52 or 0.9% to close at $174.55.
That was much better than the cash index’s decline of 0.72%.
Amazon.com Inc. (NASDAQ: AMZN) was the biggest loser of the top components of the index. For the session, the issue declined by $2.68 or 1.85% to close at $142.10.
