Market Overview

S&P 500 Index Futures Trading Higher On Hopes Of Greek Bailout

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Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

S&P 500 index futures were trading sharply higher by 22 points at 2119.75. After Friday's weak close, the index is bouncing back on the hope of a resolution to the Greek bailout being finalized.

All of the top 10 components are in the green. Leading the way on the upside is two financial stocks.

Wells Fargo & Co (NYSE: WFC) shares have blasted to a new all-time high of $58.01. JP Morgan (NYSE: JPM) shares, which made a new all-time high ($69.29), were higher by $1.02 at $69.10.

The laggard in the rally is Exxon Mobil (NYSE: XOM) shares, which were trading higher by $0.14 at $85.35.

The SPDR S&P 500 ETF Trust (NYSE: SPY) was trading at $212.41, up $1.60.

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