Stock Market Update

Equity futures are rising this morning, with the S&P 500 futures currently trading 23 points above fair value.

The market has a trove of new earnings data to process and anticipates an even heavier batch after the close today, which will notably include Alphabet (GOOG 191.61, -0.50, -0.3%) and Tesla (TSLA 331.39, -0.72, -0.2%). 

A Reuters report states that the White House intends to release a plant that aims to expand U.S. AI in international markets, while pushing back against restrictive laws on the state level. The technology sector was a laggard yesterday, with weakness in chip makers seeing the PHLX Semiconductor Index close with a 1.8% loss.