S&P 500 Index Futures Trading Lower

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

S&P 500 index futures are trading lower by twenty points at 2051.75 in Wednesday's session. The index is giving back of the gains from the 40 point rally that took late in Tuesday's session. The decline from the premarket session has continue from the opening bell but has not reached the two lows from Monday(2034..25) and Tuesday (2035) sessions. Nine of the top ten stocks in the index are trading lower. Leading the way on the downside is the indexes top component Apple Inc.

shares are trading lower by $2.27 at $123.43. It is followed by JP Morgan

shares which are trading lower by $1 at $65.80. The only issue in the green so far today is Microsoft

shares which are clinging to a nickel gain at $44.35.