A.M. Update

S&P futures are down -0.4% with Nasdaq-100 futures down -0.7% to kick-off another holiday abbreviated week as the market will close on Thursday for the New Year’s Day. Mega caps are mostly lower in the premarket. All of the magnificent seven names are lower, with Nidia (NVDA -1.25%) and Tesla (TSLA -1.45%) the laggards. Metals are…