S&P 500 Index Futures Sharply Lower

S&P 500 index futures are trading lower by 44 points at 1091.50 in Monday's session. The sell off from the pre-market session has continued into the regular session. So far, the index has fallen to 1988.50. If the decline continues, the next support level on the daily charts comes in at December 14 low (1983.25). All of the top 10 components of the index are in the year. Leading the way on the downside are

shares, which are trading lower by $33 at $642.89. It is followed by

shares which are trading lower by $2.63 at $63.40.