NewsWare’s Trade Talk: Wednesday, September 6

S&P Futures are trading lower this morning as higher bond yields along with rising oil prices has traders worried that inflation is coming back. GTLB, HQY & ZS are higher on earnings news. The markets will be paying attention to the services-sector activity data and the Fed's Beige Book due later in the day for their policy implications. Airlines have release statements on concerns of higher oil prices. Applications for a mortgage to purchase a home fell 2% for the week and were 28% lower than the same week one year ago. European stocks are lower this morning due to weak factory orders out of Germany. Oil prices are slightly lower this morning.