A.M. Update

S&P futures are up +0.75% and Russell 2000 futures are up +1.25%, boosted by a decent earnings-related gain in Apple along with rebound price action in regional bank stocks. Nonfarm payrolls grew by 253,000 in April (consensus 180,000) following a revised increase of 165,000 in March (from 236,000) which would have been a massive miss…