S&P futures vs fair value: +2.4. Nasdaq futures vs fair value: +8.3.

Positive bias persists in pre-market action after key economic data continue to show that core inflation is deflating faster than the Fed had anticipated. While S&P 500 futures are trading above fair value, but Nasdaq 100 futures hold an even more bullish disposition. That's due in part to a 20% surge in shares of Research In Motion (RIMM), which has garnered multiple analyst upgrades after handily topping expectations last night and issuing upside Q2 profit guidance.