S&P 500 Index Futures Off Early Morning Lows

S&P 500 index futures are trading lower by 7 points at 2088 in Wednesday's session. The weakness in the index from premarket trading found support just above its May 26 low (2082.50), only reaching 2083.25. So far, the ensuing rebound has crept into the 2090 handle, but has paused at 2091.25. The top ten components of the index are mostly lower, with only three up and seven down. Leading the way on the downside are Exxon Mobil XOM shares which are trading lower by $0.66 at $88.36. Berkshire Hatahway BRK shares are rebounding by $0.61 at $141.15 after the issue was unfairly punished on Tuesday's close. A large sell imbalance knocking $2 off the issue in the last 15 minutes to settle at the low of the day at $140.54.