Stock Market Update

The stock market is poised for a higher opening following a roller-coaster week that saw the S&P 500 and Nasdaq Composite eclipse record highs before Friday's slide stoked fears about economic and earnings growth potential. 

Equity futures point to a modest rebound from Friday's decline, though there is still considerable ground to be covered before the S&P 500 and Nasdaq Composite can challenge last week's record highs.

The market looks to developments on the trade front this week as several key trade partners seek to negotiate a more favorable deal ahead of the August 7 deadline.

Mega-cap stocks are poised for a strong start, with Tesla (TSLA 310.21, +7.19, +2.4%) trading higher in the pre-market after the company announced that it has approved an award of 96 million shares of restricted stock to Elon Musk.

Berkshire Hathaway (BRK.B 466.97, -5.9%, -1.2%) trades lower in the pre-market after reporting a 4% decrease in operating earnings over the weekend.