S&P 500 Futures Trading Lower After Jobs Report

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

S&P 500 index futures are trading lower by 14 points at 2065.50 in Friday's session. After flirting with positive territory following the jobs number, the index has been in the red the for all of the regular session. The index peaked at 2076.75 in the first few on minutes of trading and once it breached Thursday's low (2070) the decline began to accelerate. At this time, it is has found intraday support at 2062.75, which is just ahead of its it July 28 low (2061.50). All of the top ten components in the index are in the red. Leading the way on the downside is General Electric

shares which are trading lower $0.27 at $25.76., It is followed by Exxon Mobil

shares which are trading lower by $0.60 at $77.49.