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 three points at 2067.50 in Tuesday's session. The strong rally in pre-market trading has given way. The index, which peaked shy of Monday's high (2080.75) at 2078.25, began to tail off going into the opening bell.
In the regular session, it stopped immediately at 2072.25 and declined through the close before finding support at 2061.50 and rebounding to its current level.
Seven of the top 10 components in the index are in the green. Leading the way on the upside is Berkshire Hathaway Class B (NYSE: BRK-B) shares, which were trading higher by $0.90 at $141.63. It is followed by Procter & Gamble PG shares, which were trading higher by $0.45 at $80.42.
Leading the way on the downside is Facebook Inc FB shares, which were trading lower by $$0.34 at $93.83.
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