NewsWare’s Trade Talk: Wednesday, August 27

S&P Futures are trading slightly higher this morning as markets look to tech earnings as being a positive catalyst. President Trump's actions on his intended removal of Fed Gov Cook remains a hot news item for the media, however the markets are focused on earnings. New tariffs on India went into effect today, significantly increasing duties on many Indian imports by an additional 25%, bringing some tariffs up to as high as 50%. This tariff hike is a direct retaliation for India’s continued purchases of discounted Russian crude oil. Cracker Barell is moving higher this morning as the company will revert back to its old logo. Seeing strong gains in BOX, MDB, NCHO, OKTA & PVH after earnings releases. After the bell today NVDA, CRWD, SNOW, VEEV, TCOM, A, & NTAP will be reporting. Tomorrow morning, DG, DKS, BURL, HRL, BBY & OLLI are scheduled to report.