Stock Market Update
09-Nov-20 08:28 ET
S&P 500 aiming for record high at the open
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +147.90. Nasdaq futures vs fair value: +44.80.
The S&P 500 futures continue to trade at pre-market and all-time highs. They are up 148 points and trade 4.2% above fair value.
For some context, the S&P 500 futures were up around 50 points before the vaccine news was announced and after the S&P 500 rallied 7.3% last week. The 100-point boost, should it hold, will push the S&P 500 comfortably above the 3600 level for the first time at the open.
In M&A news, V.F. Corp (VFC 78.91, +8.90, +12.7%) agreed to acquire streetwear company Supreme for $2.1 billion.
