A.M. Update

S&P futures are up +0.2%, similar to last night, although having given back some overnight gains. Mega-caps have seen a modest rebound, however, Alphabet (GOOG) is the latest mega-cap stock to be downgraded, this time to Market Perform from Outperform at Bernstein. Dow futures (-0.1%) are on the weaker side due to a decent loss in Walgreens…