The S&P 500 index futures saw premarket action reaching a new high today, though this level was not touched during the regular trading session. Mixed bank earnings released in the morning likely contributed to the premarket boost. This premarket fluff was quickly eliminated off the open, as the index made an intraday low before gradually creeping back up around noon.
The index then continued its upward trajectory into the 4180 area, where it turned into a chop-fest.
NVIDIA Corporation (NASDAQ: NVDA) emerged as the biggest winner among top components after receiving an upgrade from HSBC. The stock made a new 52-week high intraday and ultimately advanced by 2.46% to close at $276.67. This performance outpaced the cash index’s increase of 0.08%.
The S&P 500 index futures ended the day by adding 3.25 handles to close at 4180, posting yet another new closing high for the latest move.
On the other hand, Tesla Inc. (NASDAQ: TSLA) was the biggest loser among top components, declining by 1.46% to close at $184.31. The dip comes just before the company is set to release its earnings report tomorrow after the close.