A.M. Update

S&P futures are down -0.1% despite Alphabet’s earnings.  Other Index futures are  down -0.2% (including Nasdaq-100) to -0.4%. The weekly MBA Mortgage Applications Index showed a -0.1% drop versus last week’s 6.7% slide. The ADP Employment Change estimated 223,000 jobs were added in October (consensus 105,000) following a revised total of 159,000 (from 143,000) in…