The S&P 500 futures are up 20 points and are trading 0.3% above fair value, the Nasdaq 100 futures are up 120 points and are trading 0.6% above fair value, and the Dow Jones Industrial Average futures are up 85 points and are trading 0.2% above fair value.
The NY Fed Empire State Manufacturing survey dropped to 0.2 in December (Briefing.com consensus 10.0) from 31.2 in November.
Treasury yields are lower after the release. The 2-yr yield is down two basis points to 4.22% and the 10-yr yield is down four basis points to 4.36%.