The S&P 500 futures currently trade 58 points above fair value.
Apple (AAPL 227.43, +6.03, +2.2%) continues to trade higher in the premarket after Jefferies upgraded the stock to Hold from Underperform, with a target price of 246.99.
In other tech-related news, Western Digital (WDC 151.98, +13.85, +10.0%) trades sharply higher in the premarket after topping earnings estimates and increasing its quarterly dividend.