Stock futures vs fair value
If someone is given stock as a gift, then the fair market value of the stock on the day it is received will have tax implications when the stock is subsequently sold. Let's say your uncle gives you some shares that he purchased for $5 each, and on the day you receive them, their fair market value is $10 a share. Where the stock market will trade today based on Dow Jones Industrial Average, S&P 500 and Nasdaq-100 futures and implied open premarket values. Commodities, currencies and global indexes also shown. Fair value provided by IndexArb.com. US stock futures dropped 5% Sunday evening, hitting the "limit down," meaning they can't fall any further. More. What's Moving Pre-Market.