Stock Market Update
23-Oct-26 09:09 ET
Futures point to lower open amid lack of buy-the-dip interest
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -36.00. Nasdaq futures vs fair value: -89.00.
Equity futures continue to point to a lower open this morning, with little indication of meaningful buy-the-dip interest following yesterday's sharp technology-led selloff.
The major averages are mixed on a week-to-date basis, reflecting the pronounced divergence in market leadership. The Nasdaq Composite (-0.5%) is on track for a weekly decline, while the S&P 500 (+0.1%) is holding a marginal gain and the DJIA (+1.7%) has significantly outperformed.
Both the Nasdaq Composite and S&P 500 also remain below their respective 50-day moving averages, adding to the cautious tone following yesterday's retreat.
