The S&P 500 futures currently trade in-line with fair value.
Following yesterday's retreat, the "Magnificent Seven" are making muted moves in the premarket, except for Microsoft (MSFT 386.48, +4.65, +1.2%), which trades higher in conjunction with the broader software space. The iShares Expanded Tech-Software ETF (IGV) is up 1.2% in the premarket.