Markets: News  

S&P futures vs fair value: -14.30. Nasdaq futures vs fair value: -56.30. The S&P 500 futures are down 15 points and are trading 0.4% below fair value. The Nasdaq 100 futures are down 57 points and are trading 0.5% below fair value. The Dow Jones Industrial Average futures are down 89 points and are trading 0.3% below fair value.A few individual premarket movers are Kornit Digital (KRNT 24.10, -7.46, -23.6%) and Altria (MO 42.69, +0.97, +2.3%). The former was downgraded from Buy to Hold at Stifel after issuing downside guidance, citing "macro headwinds which meaningfully accelerated in the last few weeks of the quarter." The latter is up after the FDA administratively stayed the marketing denial order and determined that there are scientific issues unique to the JUUL application that warrant additional review.