Stock Market Update

The S&P 500 futures currently trade eleven points above fair value. 

Dick's Sporting Goods (DKS 221.24, -0.85, -0.4%) has completed its acquisition of Foot Locker (FL 24.01, -0.09, -0.4%).

As a combined company, DICK'S will now operate more than 3,200 stores plus e-commerce and digital businesses across 20 countries in North America, Europe, Asia, and Australia, plus a licensed store presence in Europe, the Middle East and Asia. This expanded footprint will strengthen its relationships with key brand partners by offering broader reach and enhanced visibility on a global level.

Elsewhere in corporate news, StubHub Holdings is set to launch a 34.0 million share IPO with an expected price range of $22-$25 per share. The company has applied to list its common stock on the NYSE.