S&P 500 Index Futures Trading Lower In Volatile Session

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.