Stock Market Update
03-Aug-26 08:33 ET
Futures point higher as oil retreats
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +20.00. Nasdaq futures vs fair value: -61.00.
The S&P 500 futures currently trade 20 points above fair value.
Crude oil remains firmly lower, with Bloomberg reporting that Iran said talks regarding shipping through the Strait of Hormuz are underway and making progress.
Meanwhile, Ferguson Enterprises (FERG 253.00, +18.67, +8.0%) trades higher after news that it will replace Electronic Arts (EA 209.95, +0.09, +0.0%) in the S&P 500 effective before the opening of trading on Wednesday, August 5.
