A.M. Update

S&P futures are up +0.5% and Nasdaq-100 +1%. Taiwan Semiconductor Manufacturing (TSM) shows a big pre-open gain after better-than-expected earnings and guidance.  Dow component Travelers (TRV) is another winning standout among names that reported earnings results. The ECB cut rates as widely expected. Retail sales increased 0.4% in September (consensus 0.2%) following a 0.1% increase…