Stock Market Update
04-Nov-25 09:18 ET
Futures point to lower open amid mega-cap weakness
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -79.00. Nasdaq futures vs fair value: -405.00.
The stock market is on track for a lower open this morning, with the S&P 500 futures currently trading points below fair value.
The market's largest names are moving emphatically lower this morning despite a dearth of corporate news. Palantir Technologies (PLTR 190.20, -16.98, -8.2%) continues to slide in the pre-market after a beat-and-raise earnings report, triggering some profit taking among other AI-related names.
With mega-cap earnings mostly in the rearview (NVIDIA reports later this month), it is not surprising to see some profit-taking interest after a solid round of earnings that sent several of the "magnificent seven" names to fresh record highs.
