S&P 500 Index Futures Trading Lower

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

S&P 500 index futures are trading lower by seven points at 2093.50 in Thursday's session. In premarket trading, it found resistance just ahead of Wednesday's high (2104.25), only reaching 2103.35. During the regular session, it peaked at 2098.50 before declining to 2087.75 and rebounding back into the 2090 handle. All of the top ten components in the index are in the red. Leading the way on the downside is Procter & Gamble

shares which are trading lower by $3.05 at $77.57 after the Street was not satisfied with its Q2 earnings report. It is followed by Pfizer

shares which are trading lower by $0.26 at $35.50. If the decline continues through the intraday low, there may be additional support at Wednesday's low (2084.25).