A.M. Update

S&P futures are +1.6% higher, led by Nasdaq-100 futures +2% higher following Nvidia’s besting earnings expectations and issuing strong guidance, which has restored some momentum to the AI trade. September nonfarm payrolls increased by 119,000 (consensus: 50,000). August nonfarm payrolls were revised to -4,000 from 22,000. August private sector payrolls increased by 97,000 (consensus: 58,000),…