S&P 500 Index Futures Trading Higher

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

S&P 500 index futures were trading higher by four points at 2103.50 in Thursday's session. The index was much higher in pre-market trading, but has surrendered most of those gains.

The sharp decline off the open found support in between its June 19 low (2097) and Wednesday's low (2099), reaching 2098.25 and has been attempting to distance itself from that low.

The top 10 components in the index are mixed. Microsoft Corporation MSFT is leading the way on the upside trading higher by $0.25 at $45.88. The two laggards are Exxon Mobil Corporation XOM and Wells Fargo WFC, which are modestly in the red.

The SPDR S&P 500 ETF Trust SPY was trading at $210.99, up $0.49.