NewsWare’s Trade Talk: Thursday, May 2

S&P Futures are showing strong gains this morning as markets continue to digest yesterday's commentary from Fed Chair Jerome Powell. His comment that the next move is not likely to be a hike was well received. The economic calendar is highly active this morning with employment data on tap. MSFT announced a big investment in Malaysia for its cloud and AI efforts. Strong rebound in Hong Kong, Chinese tech stocks are gaining. There were a host of key earnings announcements last night and after the bell today AAPL, AMGN SQ & DKNG are scheduled to report. In Europe markets are turning higher. Oil prices are showing a slight bounce back this morning after yesterday's 3% drop.