The S&P 500 futures currently trade 34 points above fair value.
Software names such as Oracle (ORCL 183.70, +5.36, +3.0%) and ServiceNow (NOW 98.60, +2.16, +2.2%) are on track to extend their recent rebound effort.
The iShares Expanded Tech-Software Sector ETF enters today's session with a 13% week-to-date gain, outperforming the broader information technology sector (+6.4%) and the S&P 500 (+3.3%) over the same time period.