The S&P 500 futures currently trade 29 points below fair value.
Just released, the Empire State Manufacturing Index for February checked in at 7.1 (Briefing.com consensus 7.1) from a prior level of 7.7.
In corporate news, Norwegian Cruise Line Holdings (NCLH 22.80, +1.31, +6.1%) is up nicely in the premarket after The Wall Street Journal reported Elliot Investment Management purchased a 10% stake.