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em>Joel Elconin is the co-host of
Benzinga's #PreMarket Prep, a daily trading idea radio show.
S&P 500 index futures are trading higher by two point points in Wednesday's session. So far, the index has traded in between its premarket range. It found resistance off the open ahead of the premarket high (2096.50), only reaching 2095.25.
Also, it is finding support ahead of the premarket low (2088.75), only reaching 2090 and hovering just above that level.
Most of the 10 components in the index are in the green. Leading the way on the upside is Procter & Gamble
PG shares which are trading higher by $0.18 at $79.28 and Exxon Mobil
XOM shares are trading higher ($0.27) at $84.95).
The biggest loser is the index's top component Apple Inc
AAPL shares which are reading lower by $0.43 at $127.17.
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