S&P 500 Index Futures Trading Lower

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. S&P 500 index futures were trading lower by six points at 2092.50 in Monday's session. The index found resistance at 2102.50 in pre-market trading and spent the majority of the session in the red. Off the open, it could not maintain Friday's close (2098.50), briefly trading up to 2099 and retreating. Most of the top 10 components in the index are in the red, with Procter & Gamble PG is hovering around unchanged for the day. Leading the way on the downside is Exxon Mobil XOM shares which are trading lower by $0.73 at $78.48. The issue is continuing its slide from Friday that was result of a Q2 EPS miss. It is followed by General Electric GE shares which are trading lower by $0.21 at $25.90. Pfizer PFE shares are unchanged at $36.06. The issue reached a 13-year high on Friday when it peaked at $36.46, but fell back to close at $36.06. It has found resistance ahead of that level in today's session, only reaching $36.30.