The S&P 500 futures currently trade 19 points above fair value.
Terradyne (TER 312.00, +62.47, +25.0%) is a standout after the latest round of earnings reports. The company beat EPS expectations by $0.42, beat revenue expectations, and guided Q1 EPS and revenues above consensus.
Meanwhile, Alphabet (GOOG 349.08, +4.18, +1.2%) continues to tick higher ahead of its own earnings report after the close tomorrow. Bloomberg reports that the company's autonomous vehicle branch, Waymo, has raised $16 billion at a roughly $126 billion valuation.