Stock Market Update

The stock market is poised for a slightly higher opening, as the S&P 500 futures currently trade seven points above fair value. 

At session highs yesterday afternoon, the S&P 500 came within one point of its all-time closing high before finishing slightly lower. 

Futures are ticking slightly higher before the open as the market looks to expand on yesterday's modest gains that pushed the Nasdaq Composite into positive territory for the week as the S&P 500 clawed back to its flatline. 

In one of the more public corporate news developments in recent days, Cracker Barrel (CBRL 60.40, +2.69, +4.7%) trades higher in the pre-market after announcing the company will return to its old logo following widespread backlash over its redesign.