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 seventeen points at 2084.50 in Friday's session. The weakness in the after hours and premarket session has spilled over into the regular session.
So far the decline has reached 2083.50 and has not been able to manage much of a bounce. The index is trading in a vacuum area that it sliced through during Wednesday's monster rally.
All of the top ten components in the index are trading in the red.
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