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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 lower by eight points at 2106.50 in Wednesday's session. The index was under pressure for the after-hours and premaket session do to the sharp decline in Apple
AAPL after its Q3 report.
However, it found support just above the premarket low (2102.25), only reaching 2103.25 before rebounding to 2112. The current low coincides with last Thursday's low at 2102.75.
Seven of the top ten components are trading in the red.
Leading the way on the downside is Apple Inc
AAPL shares which are trading lower by $6.67 at $124.09. It bottomed off its opening print $121.99 and has found intraday resistance so far $124.94.
It is followed by General Eclecric
GE shares which are trading lower by $0.20 at $26.65.
The standout winner on the upside is JP Morgan
JPM shares, which are trading higher by $0.41 at $69.41.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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