The S&P 500 futures currently trade seven points above fair value.
Just released, durable goods orders declined 9.4% month-over-month in June (Briefing.com consensus -11.0%) from an upwardly revised 16.5% increase in May (from +16.4%).
Excluding transportation, durable goods orders were up 0.2% month-over-month (Briefing.com consensus -0.2%) from an upwardly revised 0.6% increase in May (from +0.5%).