S&P 500 futures are 1.1% above fair value; Nasdaq 100 futures are 1.6% above fair value; and DJIA futures are 0.9% above fair value
Key factors driving the futures market:
A 2.6% increase in Tesla (TSLA) after Elon Musk noted in tweet that total headcount at Tesla will increase while salaried positions remain fairly flat
Reports indicate COVID restrictions are being rolled back in China’s largest cities
Strength in mega-cap stocks; Apple (AAPL) up 1.4% in front of Worldwide Developers Conference
Rally in many Chinese-listed ADRs after report suggests Chinese regulators are ending their probe of Didi (DIDI), which is up 60%