Stock Market Update
12-Oct-26 09:17 ET
Futures point to flat open
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +2.00. Nasdaq futures vs fair value: -89.00.
The stock market remains on track for a relatively flat opening, with weakness in semiconductor stocks weighing on the Nasdaq Composite.
Oil continues to tick higher following an escalation in conflict between Saudi Arabia and Houthi forces in the region over the weekend, with President Trump saying the U.S. is considering getting involved in the fight against the Houthis. The bond market is closed for Columbus Day today.
Meanwhile, on the corporate front, CNBC reported that Starbucks (SBUX 92.08, +1.33, +1.5%) is not considering an acquisition of Chipotle Mexican Grill (CMG 30.75, -0.84, -2.7%), contradicting reports last week suggesting a potential deal.
