Stock Market Update

The S&P 500 futures currently trade 78 points above fair value. 

JPMorgan Chase (JPM 304.30, +3.41, +1.1%) stated that it would invest up to $10 billion in companies that it considers critical to U.S. interests, according to CNBC. 

The proposed investments will fall under the company's Security and Resiliency Initiative, which will see the company deploy $1.5 trillion in funding. 

CEO Jamie Dimon stated that the U.S. "has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing—all of which are essential for our national security."