Stocks set for flat start in front of three-day weekend
S&P futures vs fair value: -2.60. Nasdaq futures vs fair value: -13.50. The stock market is heading for relatively flat start, with the S&P 500 futures trading three points, or 0.1%, below fair value in front of a three-day weekend. Overseas, China withdrew its GDP growth target for 2020 and said it will implement national security laws on Hong Kong, threatening to fuel U.S.-China tensions. China's Shanghai Composite declined 1.9%, while Hong Kong's Hang Seng dropped 5.6%. Oil prices ($32.96, -0.96, -2.8%) have seen modest selling in response, but investors have been unfazed by the negative news. Some positive corporate news include Deere (DE 174.75, +4.94, +3.5%) and NVIDIA (NVDA 353.12, +2.11, +0.6%) beating top and bottom-line estimates.