A.M. Update

S&P futures are up +0.15% as the market digests some cautious earnings and the Fed’s 2-day FOMC policy meeting kicks off. In the semiconductor space, NXP Semi (NXPI +1%) reported better-than-expected Q1 results and guided Q2 revenue above consensus. NVIDIA (NVDA +0.25%) was resumed with an Equal Weight rating at Morgan Stanley. In Russia-Ukraine news, the Washington Post reported…