S&P 500 Index Futures Trading Lower

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 lower by five points at 2109.25 in Friday's session. After trading higher for a majority of the premarket session, it dipped to 2107 before staging a rebound. It has moving up towards the intraday high of 2111.50. Eight of the top ten components are in the red. Leading the way on the downside it Microsoft MSFT shares which are trading lower by $0.49 at $46.19. The two issues marginally in the green are Procter & Gamble PG and Pfizer PFE.