Stock Market Update

Equity futures remain in the red with the S&P 500 futures trading 24 points below fair value.

The market is set for a lower start to June after a May rally that returned action to levels seen in early March. Today's early weakness comes alongside selling in other equity markets with technology stocks expected to show early weakness after leading the May advance.

Treasuries started the day with relative weakness in the long end and lighter pressure up front. The 2-yr yield is up one basis point at 3.92% while the 10-yr yield is up two basis points at 4.44%.