A.M. Update

S&P futures are flat. Dow and Small Caps are down -0.15% to -0.2%. There’s a mixed disposition in early trading following disappointing earnings results and guidance from Oracle (ORCL). The NFIB Small Business Optimism survey jumped to 101.7 in November from 93.7 in October. Q3 productivity was unrevised at 2.2% (consensus 2.2%). Q3 unit labor…