A.M. Update

Global markets followed Wall Street higher and Alphabet (GOOG +9.3%) leads the extended rebound in futures following its better-than-expected earnings report. The NASDAQ 100 futures outperforms and trades 1.15% higher. Alphabet also announced a 20-for-1 stock split. The Treasury market remains more reserved. The 2-year yield is up one basis point to 1.17%, and the 10-year…