Stock Market Update

The S&P 500 futures currently trade four points below fair value.

Shares of Berkshire Hathaway (BRK.B 375.06, +2.05, +0.4%) are modestly higher in the premarket after the company beat Q1 earnings and revenue expectations. The company's nearly $400 billion cash position has drawn some attention from analysts, though new CEO Greg Abel reiterated the company's core holdings while also addressing artificial intelligence, according to CNBC.

Elsewhere, stocks with ties to cryptocurrency, such as Coinbase (COIN 198.30, +7.05, +3.7%), are higher in the premarket after Senators reached a bipartisan agreement on language in the CLARITY Act, restricting crypto companies from paying interest or yield on passive deposits, according to CNBC.