S&P futures vs fair value: +13.50. Nasdaq futures vs fair value: +33.30.
The S&P 500 futures trade 14 points, or 0.5%, above fair value.
It's been a pretty terrible week for the U.S. equity market, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite losing around 6.5% apiece. The losses leave the major averages between 9.7% and 10.4% below the record highs they hit on January 26.
All 11 sectors have moved lower this week, with losses ranging between 4.9% (utilities) and 8.1% (energy).
The S&P 500 futures trade 14 points, or 0.5%, above fair value.
It's been a pretty terrible week for the U.S. equity market, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite losing around 6.5% apiece. The losses leave the major averages between 9.7% and 10.4% below the record highs they hit on January 26.
All 11 sectors have moved lower this week, with losses ranging between 4.9% (utilities) and 8.1% (energy).
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