A.M. Update

S&P futures are up +0.3% led by Nasdaq-100 futures up +0.7% after a positive response to earnings from Broadcom (AVGO), which is nearly 18% higher in premarket action, boosting other semiconductor-related names and the broader equity market. The S&P is down -0.65% for the week as of yesterday’s close. Treasury yields are higher. The 10-yr…