A.M. Update

S&P futures are down -0.4%. Most mega caps are down modestly in pre-market. Nvidia is still struggling with a near -2% loss ahead of the open. Rising market rates have also limit early buying. The 10-yr yield is up +2bp at 4.42% and the 2-yr yield is up +2bp at 4.26%. Retail sales jumped 0.7%…