A.M. Update

S&P futures are up +0.35%, led by the tech-heavy Nasdaq-100 (+1%) and Semiconductors. Index futures gained more ground this morning as CPI came in at consensus. Total CPI increased 0.1% (consensus 0.1%) month-over-month in July following a 0.4% decrease in June. Core CPI, which excludes food and energy increased 0.2% (consensus 0.2%) after an unchanged…