Equity Index futures staged a significant reversal during Monday's afternoon session, with the S&P 500 futures recovering from heavy selling pressure seen earlier in the day. The index bounced off an intraday low of 6584.5—the lowest level in three and a half months—to trade near the session highs around 6800. A shifting tone in Middle East tensions served as a primary catalyst for the turnaround, coinciding with a retreat in WTI Crude Oil futures. The Nasdaq-100 and Russell 2000 futures also showed resilience, both climbing more than 1% as the afternoon progressed. Despite the early breach, the established trading range for the S&P 500 futures between 6700 and 7000 remains technically intact as the market moves toward the close.
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