The S&P 500 futures are down 14 points and are trading 0.3% below fair value.
The Nasdaq 100 futures are down 10 points and are trading slightly below fair value.
The Dow Jones Industrial Average futures are down 118 points and are trading 0.3% below fair value.
Stock futures weak on heels of yesterday’s FOMC decision and with concerns over the regional bank industry back at the fore. PacWest (PACW) shares plunged on a Bloomberg report that the bank is mulling strategic options including sale.
Relative strength in some mega cap stocks is offering some support to the Nasdaq 100 futures, presumably driven by some flight to safety buying interest. Amazon.com (AMZN), Microsoft (MSFT), Tesla (TSLA), and Alphabet (GOOG) are all standouts in that regard.