The S&P 500 futures are down 21 points and are trading 0.5% below fair value.
The Nasdaq 100 futures are down 89 points and are trading 0.7% below fair value.
The Dow Jones Industrial Average futures are down 162 points and are trading 0.5% below fair value.
Many mega cap stocks are lower this morning, weighing on the equity futures market.
Apple (AAPL 139.84, -1.27, -0.9%), Tesla (TSLA 141.38, -2.37, -1.7%), and Alphabet (GOOG 99.67, -1.54, -1.5%) are among the more influential laggards.
Alphabet trades down on news that the US is expected to file an antitrust lawsuit against Google today over alleged dominance in digital advertising, according to Bloomberg.
Treasury yields are climbing off earlier lows.
The 2-yr note yield is up one basis point to 4.24% and the 10-yr note yield is flat at 3.51%.