Stock Market Update

Equity futures now point to a slightly lower open, with the S&P 500 futures currently trading 13 points below fair value. 

The market is currently assessing another hefty round of earnings reports from yesterday afternoon and this morning, most of which have topped expectations.

There are, however, some notable laggards, including Starbucks (SBUX 82.49, -1.68, -2.0%), which trades lower in the pre-market after missing EPS expectations by $0.04, beating revenue expectations, and seeing global comparable sales rise 1%, while U.S. comparable sales were flat.