Stock Market Update

The S&P 500 futures currently trade 14 points below fair value. 

Tech names are largely mixed in the premarket following a strong day for mega caps in yesterday's session. The top-weighted information technology sector is down 1.3% for the week, while the PHLX Semiconductor Index is up 1.6% over the same time period. 

While Intel (INTC 47.34, -6.98, -12.9%) trades sharply lower after disappointing guidance, NVIDIA (NVDA 186.50, +1.77, +1.0%) and Advanced Micro Devices (AMD 260.20, +6.47, +2.6%) are rising in the premarket.