The S&P 500 futures currently trade 24 points above fair value.
T-Mobile (TMUS 178.90, +1.38, +0.8%) trades higher in the premarket after Bank of America Securities upgraded the stock to Buy from Neutral with a target price of $220.
Meanwhile, Datadog (DDOG 248.00, -12.36, -4.8%) is a premarket laggard after Bernstein downgraded the stock to Market Perform from Outperform, with a target price of $226.