A.M. Update

S&P futures are down -0.5%, while Dow futures lag by -1% after holding up better yesterday.  OpenAI is targeting a $1.25 trillion valuation for its ~$30 billion raise ($150 billion below the prior ask), SK Hynix scrapped a potential US listing of its Solidigm unit, and Meta Platforms (META -1%) moves lower in the premarket…