The S&P 500 futures currently trade 12 points below fair value.
Paramount Skydance (PSKY 15.96, +0.72, +4.7%) reported its Q3 earnings yesterday after the close. The company reported Q3 earnings of $0.12 per share, which may not be comparable to the FactSet Consensus of $0.40. The company missed revenue expectations but guided Q4 and FY26 revenues above consensus.
The company also announced it will lay off around 1,600 employees and increase the subscription price of its streaming platform, Paramount+, early next year.