9:05AM: S&P futures vs fair value: +5.5. Nasdaq futures vs fair value: +3.0. The futures are rebounding a bit here over the last half hour as earning reports continue to pile in. Lot of earning reports thus far with most meeting or exceeding consensus estimates. The companies that missed: BMY, COC, LGTO, LU, MGM, P, SPC, WAT, XTO... Nothing on the Economic Calendar today.