S&P 500 Index Futures Trading Higher

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

S&P 500 index futures were trading higher by 16 points at 1960 in Tuesday's session. Earlier in the session, the index found support way above the pre-market low (1935.25) and just below Monday's close (1944), reaching 1943.50 before rallying into the 1950 handle.

All of the top 10 components of the index are in the green. Leading the way on the upside are Microsoft Corporation MSFT shares, which are trading higher by $0.91 at $43.95. It is followed by JP Morgan JPM shares, which are trading higher by $0.78 at $63.16. Pfizer PFE shares are putting on a good show as they are trading higher by $0.44 at $33.15.