[BRIEFING.COM] S&P futures vs fair value: -0.50. Nasdaq futures vs fair value: +23.80.
The S&P 500 futures are trading one point below fair value.
Technology names, especially chipmakers, got off to a relatively good start this week, pushing the S&P 500's technology sector higher by 0.3% on Tuesday; for comparison, the S&P 500 lost 0.6% on Tuesday. The tech group was the only sector (out of 11 total) to finish Tuesday in the green.
On the flip side, the consumer staples sector was the worst-performing sector on Tuesday, losing 2.3%. Wal-Mart (WMT) weighed on the group, dropping 10.2%, after missing fourth quarter earnings estimates and lowering its guidance for fiscal year 2019.