A.M. Update

Global equities trade higher, but Index futures are lower off overnight highs due to Apple (-1.25%) and Amazon’s (-10.3%) earnings outlooks. S&P futures are down -0.9%, NASDAQ futures are down -1.25%, while Dow and Russell 2000 futures are down less, by -0.4%. Apple’s quarterly results were better than expected, but the stock’s decline is rooted…