S&P futures vs fair value: +14.00. Nasdaq futures vs fair value: +186.00.

[출처/시간] Briefing.com - 8:03 AM ET, 05/27/2026

Equity futures point to a higher opening this morning after stocks started the holiday-abbreviated week on a mostly higher note, with the S&P 500 notching fresh record highs.

Stocks were supported by lower oil prices and a rally across semiconductor names, with Micron (MU 972.79, +76.91, +8.6%) surpassing $1 trillion market capitalization after UBS raised its price target on the stock to $1,625 from $535 and reiterated its Buy rating.

Both of those catalysts are contributing to this morning's enthusiasm as Micron trades sharply higher in the premarket while crude oil moves $3.22 (-3.4%) lower to $90.67 per barrel despite a relatively quiet morning of geopolitical headlines.

Meanwhile, SK Hynix has added to the AI-enthusiasm overnight by crossing the $1 trillion market capitalization threshold as well, sending South Korea's Kospi to record highs.

Headlines are fairly muted elsewhere, though the market does have several earnings reports to assess this morning.

Today's data slate is limited to the release of the MBA Mortgage Applications Index for the week ended May 23, which decreased 8.5% from a prior decrease of 2.3%.

In corporate news:

Reviewing overnight developments:

Equity indices in the Asia-Pacific region had a mostly lower showing on Wednesday while South Korea's Kospi (+2.3%) continued its record run with SK Hynix seeing its market cap grow past $1 trillion. Japan's Nikkei: UNCH, Hong Kong's Hang Seng: -1.1%, China's Shanghai Composite: -1.3%, India's Sensex: -0.2%, South Korea's Kospi: +2.3%, Australia's ASX All Ordinaries: +0.7%.

In news:

In economic data:

Major European indices trade in the green. STOXX Europe 600: +0.3%, Germany's DAX: +0.3%, U.K.'s FTSE 100: +0.1%, France's CAC 40: +0.8%, Italy's FTSE MIB: -0.1%, Spain's IBEX 35: +0.2%.

In news:

In economic data: