S&P 500 Index Futures Trading Lower In Volatile Session
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
S&P 500 index futures are trading lower by 17 points at 2067 in Monday's session. The index was trading red for all of the pre-market session and the selling intensified off the opening bell.
So far, the decline has found intraday support at 2062.75, which is just ahead of its June 9 low (2061) and has rebounded to just shy of 2070.
All of the top ten components in the index are in the red. Leading the way on the downside is Microsoft Corporation (NASDAQ: MSFT) shares, which are trading lower $0.80 at $45.17. Microsoft is closely followed by Johnson & Johnson (NYSE: JNJ) shares, which are trading lower by $1.16 at $97.15.
The top performer on this ugly day is Apple Inc. (NASDAQ: AAPL) shares, which are trading lower by $0.76 at $126.39.
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