A.M. Update

S&P futures are down -1% and NASDAQ 100 futures are down -1.35%. All of the “Magnificent Seven” cohort is down in the premarket following the earnings results of Alphabet (GOOG -4.8%) and Tesla (TSLA -7.75%) yesterday evening. Tesla missed expectations, while Alphabet posted a solid beat. However, the stock still trades firmly lower as investors focus on another…