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Although the bears were in firm control of the S&P 500 index futures for a vast majority of the session, it kind of feels like a win for the bulls.

The reason being the index spent almost the entire regular session in the red, but came to life in the final fifteen minutes to trim the losses considerably. At the low, the index was in red by nearly 30 handles. At the closing print of 4001.50 that loss was whittled to only 5.75 handles.

Once again, the bulls need to defend the 4000 level overnight, but need a positive catalyst to breach Tuesday’s high.

Exxon Mobil Inc. (NYSE: XOM) was the biggest winner of the top components of the index. The issue extended its winning streak to three days by adding $1.32 or 1.24% closing at $107.12.

That was much better than the cash index’s decline of 0.14%.

UnitedHealth Group Inc. (NYSE: UNH) was the biggest loser of the top components of the index. For the session, the issue declined by $9.32 or 1.9% closing at $472.58.


PreMarket Prep “The Closing Print” Dennis Dick