The S&P 500 futures currently trade 18 points below fair value.
Mega-cap tech names are mostly lower in the premarket, pressuring equity futures an hour before the open. All of the "magnificent seven" names are lower, with NVIDIA (NVDA 188.31, -2.22, -1.2%) and Tesla (TSLA 469.07, -6.12, -1.3%) among the laggards.