S&P futures vs fair value: -24.00.
Nasdaq futures vs fair value: -110.00.
The S&P 500 futures are down 24 points and are trading 0.6% below fair value.
The Nasdaq 100 futures are down 110 points and are trading 0.7% below fair value.
The Dow Jones Industrial Average futures are down 95 points and are trading 0.2% below fair value.
Treasury yields had a modest pullback from overnight highs, but remain elevated compared to yesterday’s settlement.
The 2-yr note yield, after reaching 4.29% earlier, is up three basis points to 4.24%.
The 10-yr note yield, at 3.64% earlier, is up four basis points to 3.61%.
Netflix (NLFX 324.12, -9.58, -2.9%) has deteriorated ahead of the open, revisiting earlier levels after its earnings report.