Stock Market Update
25-Aug-25 08:30 ET
Futures point to lower open following Friday rally
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -17.00. Nasdaq futures vs fair value: -77.00.
The S&P 500 futures currently trade 17 points below fair value.
Friday's winning session saw the S&P 500 come within mere points of its all-time intraday and closing highs, with its healthy gain keeping the index from six consecutive losing sessions.
Meanwhile, the DJIA set new records, and while the Nasdaq Composite captured a similar gain for the day, it still finished the week in negative territory.
Rate cut expectations were a key driver of last week's action, with Fed Chair Powell's Friday address bolstering the probability for a September rate cut.
The current probability for a 25-basis-point rate cut at the September FOMC meeting stands at 85.3%, according to the CME FedWatch tool.
