A.M. Update

S&P futures are down -0.65% led lower by Nasdaq futures down -1.35% and the KOSPI down -5.35% as chipmakers extend yesterday’s decline. Geopolitical headlines are relatively quiet this morning. Crude oil (-0.7%) is little changed, and reports continue to indicate limited negotiation progress between the U.S. and Iran. Payrolls came in a lot stronger than…