Stock Market Update
12-Nov-25 08:26 ET
Futures point higher amid tech rebound, government funding gets House vote
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +27.00. Nasdaq futures vs fair value: +168.00.
The S&P 500 futures currently trade 27 points above fair value, as tech names are set to rebound from yesterday's retreat. That retreat was modest in comparison to Monday's gains but nonetheless sets the technology sector up for another "buy-the-dip" bid.
Advanced Micro Devices (AMD 252.25, +14.73, +6.2%) continues to tick higher in the pre-market after yesterday's financial analyst event, with strong growth projections restoring some confidence to the AI trade this morning.
A full House vote to fund the government through January 30 and end the ongoing shutdown will take place at 4:00 PM ET. An imminent end to the shutdown creates a backdrop of positive sentiment as investors look forward to a backlog of economic data releases, which will likely influence the FOMC's policy decision at the December meeting.
