NewsWare’s Trade Talk: Thursday, August 29

S&P Futures are slightly higher this morning as the markets react to the earnings results from NVDA. Nivida is still performing very well, concerns of the blackwell chip being delayed was refuted. CRM, CRWD, HPW, VEEV, PSTG & FIVE delivered positive results. After the bell today, DELL, MRVL, ADSK, LULU & ULTA are scheduled to report. Jobless Claims will be the key economic report today. Markets are anticipating soft inflation data from tomorrow PCE report, Media outlets talk up the possibility of 4, 25 basis point rate cuts by the end of the year to help their ratings but there's no data to support this belief. In Europe, markets are higher and reacting to bullish inflation data from Spain & Germany and oil is edging higher.