A.M. Update

S&P futures are up +0.3%, led by Nasdaq-100 futures, up +1%. Semis have rotated into leadership in pre-market trading, displacing mega caps as most Mag-7 stocks trade lower. WTI crude oil (-3.5% @ $77.50) is retreating again today after initially moving higher, with reports from Qatar that a potential peace deal between the U.S. and…