Stock Market Update

The S&P 500 futures currently trade 32 points above fair value. 

Commscope (COMM 13.68, +5.89, +75.8%) trades sharply higher in the pre-market after beating EPS expectations by $0.20, beating revenue expectations, and raising 2025 adjusted EBITDA guideposts to $1.15-1.20 billion. The company entered into a definitive agreement to sell its Connectivity and Cable Solutions segment to Amphenol (APH 108.62, +4.32, +4.1%) for approximately $10.5 billion in cash.

Wayfair (W 71.49, +6.27, +9.6%) beats EPS expectation by $0.54 and beats revenue expectations with a 5.0% year-over-year increase.