A.M. Update

S&P futures are up +0.4% amid another round of mostly better-than-expected earnings reports. NASDAQ-100 futures trade up +0.25% after being up as much as +1.4%. NASDAQ futures have been pressured by an earnings miss from Alphabet (GOOG -4.4%), which has investors bracing for disappointing results from Meta Platforms (FB -3.9%) after the close. On the bright side, Microsoft (MSFT…