S&P 500 Index Futures Trading Higher On Hopes Of Greece Bailout

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

S&P 500 index futures are trading sharply higher by points at 2117.75. After Friday's weak close, the index is bouncing back on the hope of a resolution to the Greek bailout being finalized. So far, the index has come within one tick from last weeks high (2119.25), reaching 2119 and is not backing off that level. All of the top ten components are in the green. Leading the way on the upside is two financial stocks. Wells Fargo

shares have blasted to a new all time high ($57.87) and not far from that level, trading up $0.77 at $57.82. JP Morgan

shares, which has made a new all time high ($69.29), is trading higher by $1.02 at $69.10. The laggard in the rally is Exxon Mobil

shares which are only trading higher $0.14 at $85.35.