The gains in the S&P 500 index futures during the premarket session accounted for much of the entire gains for the day. In fact, while having a good day by adding 22.50 handles with a closing price of 4080, it actually closed below the opening price of the regular session (4085).
The trickle down decline that began just after 10:00 AM EST matched the top of Wednesday’s range around 2:00 PM EST and rebounded into the close.
Amazon.com Inc. (NASDAQ: AMZN) was the biggest winner of the top components of the index for the second day in a row. For the session, the issue gained $1.75 or 1.75% at the closing price of $102.
That was over triple the cash index’s advance of 0.55%.
Alphabet Inc. (NASDAQ: GOOG) did not participate in the tech rally and ended up being the biggest loser of the top components of the index. For the session, the issue declined by $0.58 or 0.56% at a closing price of $101.32.