Stock Market Update
20-Aug-25 08:23 ET
Futures point to slightly lower open after technology underperformed yesterday
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -4.00. Nasdaq futures vs fair value: -42.00.
The stock market is on track for a slightly lower open, with the S&P 500 futures currently trading four points below fair value.
Reuters reports that the Trump administration is considering using Chips Act funding to take equity in additional companies instead of providing grants. The headline comes after reports last week that the administration is weighing a similar move with Intel (INTC 24.97, -0.34, -1.3%).
Chipmakers had a tough session yesterday that culminated in a 1.6% loss for the PHLX Semiconductor Index, though Intel advanced 7.0% following reports that Softbank made a $2 billion investment in the company.
