S&P 500 Index Futures Trading Higher

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 57 points at 1928.25 in Tuesday's session. A reduction in interest rate in China provided a huge boost to the index as it reached 1948.50 in pre-market trading.

Off the open, it found resistance ahead of that level and retreated to 1922 and is attempting to reclaim the 1930 handle.

All of the top 10 components in the index are in the green. Leading the way is the index's top component, Apple Inc. AAPL shares which are trading higher by $5.07 at $108.20. It is followed by JP Morgan JPM shares which are trading higher by $2.29 at $62.54.