Stock Market Update
03-Nov-25 08:31 ET
Futures point to higher open as mega-caps move higher
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +23.00. Nasdaq futures vs fair value: +170.00.
The S&P 500 futures trade 22 points above fair value as mega-cap tech names look to pick up where they left off last week.
Five of the "magnificent seven" names trade higher in the premarket, with NVIDIA (NVDA 206.44, +3.95, +2.0%) pacing the gains after the U.S. approved the sale of NVIDIA chips to the UAE.
onsemi (ON 51.90, +1.82, +3.8%) adds to the positive sentiment across semiconductor names after beating EPS expectations by $0.04, beating revenue expectations, and guiding Q4 revenues and EPS in-line.
Mixed strength across the broader market, however, has the DJIA on track for a slightly lower open this morning.
