Stock Market Update
09-Feb-26 08:28 ET
Futures point to slightly lower open
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -3.00. Nasdaq futures vs fair value: -33.00.
The S&P 500 futures currently trade three points below fair value.
There is a muted tone in the premarket this morning after a volatile week was capped by the major averages advancing over 2% on Friday.
Six of the "magnificent seven" stocks are within 0.5% of their unchanged values in the premarket. Microsoft (MSFT 406.30, +5.16, +1.3%) is the exception, looking to take back more of the recent weakness that has seen the stock plummet nearly 17% since its earnings release on January 28.
The iShare Expanded Tech-Software ETF (IGV) is down 15% over the same time period amid increasing concerns that AI will disrupt the traditional software space.
