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NewsWare's Trade Talk: Wednesday, May 29
Manage episode 420935283 series 3349023
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S&P Futures are displaying weakness this morning. Minn Fed Kashkari comments on not taking the possibility of rate hikes off the table is dampening markets sentiment. The key economic report for today is this afternoon Beigh Book release. Airlines stocks are weakening on the back of the latest company supplied guidance data. Merck is said to be buying EyeBio. Robinhood announced a $1B share buyback. After the bell today there are earnings reports due out from CRM, A, HPQ, PSTG, PATH & AEO. In Europe, markets are lower on monetary policy concerns and oil prices are moving higher due to geopolitical tensions and pending stockpile reports.
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