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em>Joel Elconin is the co-host of
Benzinga's #PreMarket Prep, a daily trading idea radio show.
S&P 500 index futures are trading lower by eleven points at 2087.50 in Friday's session. After trading higher for a majority of the after hours session, the index has been straight down since the open.
Nine of the top ten components are in the red. Leading the way on the downside is JP Morgan
JPM shares, which are trading lower by $0.45 at $69.19. It is followed by General Electric
GE shares which are trading lower by $0.13 at $26.13.
The lone winner is Facebook
FB shares, which are trading higher by $1.61 at $97.05. Investors are cheering the report that the US Appeals Court has upheld the dismissal of shareholder lawsuit against the company relating to pre-IPO disclosure ruling.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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