07:36 ET S&P futures vs fair value: +9.5. Nasdaq futures vs fair value: +7.5.
U.S. equity futures have moved to the upside following Merrill upgrades of CSCO/EXTR and Morgan Stanley upgrade of BRCD. Battered Indices also receiving lift from planned addition of several major market names into the S&P 500 (e.g., GS, UPS, EBAY). Currently, BRCD bid up 7% in pre-market, CSCO +6%, and EBAY +5%.