NewsWare’s Trade Talk: Wednesday, October 18

S&P Futures are weakening this morning. President Biden landed in Israel to news of an explosion at a hospital. This event has caused Jordan to cancel the peace summit. China released stronger than expected economic numbers this morning. Earnings remine in focus with earnings reports due out this afternoon from NFLX & TSLA. ELV, PG & NDAQ all delivered earnings beats this morning. In Europe, stocks are now firmly lower as Middle East tension has the major European markets moving lower - Oil prices are spiking as traders react to the latest news on the Israel / Hamas conflict.