Stock Market Update
24-Sep-25 09:19 ET
Futures point to slightly higher open as mega-caps move higher
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +11.00. Nasdaq futures vs fair value: +54.00.
The major averages are on track for a higher opening this morning in the wake of yesterday's retreat that seats them in negative territory for the week.
Mega-cap names dragged on the market yesterday, though a combination of earnings, upgrades, and AI headlines have them positioned to recoup at least some of yesterday's losses.
Investors have been quick to buy any dips in the mega-caps this year, though Fed Chair Powell's acknowledgment that equities "are fairly highly valued" echoes concerns around the market's historically high valuation.
Nonetheless, the Vanguard Mega-Cap Growth ETF (+16.8% YTD) and Nasdaq Composite (+16.9% YTD) hold nearly identical year-to-date gains, reflecting investors' willingness to capitalize on short-term pullbacks as AI continues to drive gains over the long term.
