Stock Market Update
23-Oct-26 08:30 ET
Futures point to lower open, mega-caps remain under pressure
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -29.00. Nasdaq futures vs fair value: -67.00.
The S&P 500 futures currently trade 29 points below fair value, with several of the index's largest components once again facing pressure this morning.
Meta Platforms (META 643.50, -5.35, -0.82) moves lower in the premarket after Barron's reported the company could launch an equity capital raise of $40 billion sometime over the next few weeks. The stock shed nearly 7% yesterday following its earnings release.
Meanwhile, Apple (AAPL 347.65, -0.57, -0.2%) is indicated for a modestly lower open, with Bloomberg reporting the iPhone Duo is now available in stores amid high demand.
