【zt:briefing.com】S P futures vs fair value: -7.20. Nasdaq futures vs fair value: -15.80. (股市)
The stock market is on track for a modestly lower open as futures on the S P 500 trade seven points below fair value.
Futures on the S P 500 traded within a three-point range overnight, but a recent slide to pre-market lows has doubled that range. The modest pre-market weakness has coincided with some selling in Europe where the key indices trade with slim losses. Similar to equity futures, Treasuries hover in the red with the 10-yr yield at 2.09%.
On the corporate front, retailers AutoZone (AZO 675.00, +25.47), Best Buy (BBY 39.40, +0.77), and Dick's Sporting Goods (DKS 56.71, +1.29) are on track to open with gains between 2.0% and 3.9% after all three reported better than expected results. In commodities, crude oil trades higher by 0.6% at $49.87/bbl after slipping from its overnight high.
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