NewsWare’s Trade Talk: Friday, October 27

S&P Futures are showing strong gains this morning. Positive earnings from AMZN and INTL is helping to push the futures higher. This morning oil stocks are weak as CVX and XOM released their earnings reports. Key economic report today that needs to be watched is this morning's Personal Income & Outlays for September. The U.S. launched an air strike overnight in which is elevating tensions in the Middle East today. President Biden is meeting with the Chinese foreign minister at the White House today. In Europe, Equities are mostly higher and oil prices are up by more than 2%.