A.M. Update

S&P futures are up +0.2% on this $4.2 trillion quarterly options expiration day. The NASDAQ 100 futures (+0.4%) are outperforming partially thanks to a nice gain in Adobe (ADBE +4.8%) after its earnings report, which has continued to drive an AI buzz. The Bank of Japan left its interest on excess reserves at -0.10% and reiterated…