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SMF Notes S&P futures vs fair value: -9.20. Nasdaq futures vs fair value: -12.80.
Stocks are headed for a lower open as European debt worries remain front and center. Contributing to the weakness is the uncertainty surrounding the situation on the Korean Peninsula as South Korea has pushed forward with joint naval exercises with the U.S. even as China calls for six-party talks to diffuse the tensions. Retailers are in focus as results from Black Friday begin to trickle in, and online retailers gear up for today's Cyber Monday. Amazon.com (AMZN) is higher in pre-market trading after a report indicated more consumers are doing their holiday shopping online.
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