NewsWare’s Trade Talk: Thursday, July 18

S&P Futures are positive this morning with gains in tech shares. Earnings are in focus today, last night report from TSM was positive, company raised guidance which is helping elevate the sector. this morning. Airline sector is weak as UAL & ALK guided lower yesterday. After the bell today NFLX is expected to report. Odds of President Biden leaving the race have increased over the last 24 hours. Also seeing earnings beats from ASML, JNJ, CFG & USB in the pre-market. Multiple Fed speakers today (Goolsbee, Logan & Daly) which will be their last comments before the July Fed meeting. In Europe, markets are higher ahead of an ECB announcement on monetary policy. Market anticipates two more rate cuts from the ECB this year. Oil prices are ticking lower as oil gives back some of yesterday's gains.