NewsWare’s Trade Talk: Friday, February 9

S&P Futures are slightly higher this morning with the S&P's flirting near the 5000 level. Markets will be paying attention to the CPI revision being released this morning. Typically, this is a very benign report, however last year's CPI revision report create volatility in the markets. Pepsi earnings were slightly positive however the company indicated revenue growth below market expectations for this year. In Europe, stocks are slightly higher with positive action in tech and healthcare. Oil prices are relatively unchanged.