NewsWare‘s Trade Talk: Thursday, December 2

S&P Futures are indicating a higher opening this morning. The key economic event today is the Jobless Claims report being released 1 hour before the market open. OPEC will be making an announcement this morning on production quotas that will create volatility in the sector today. PFE and GSK have spoken positively on the effectiveness of their Covid treatments against the Omicron variant. Lawmakers on Capitol Hill are said to be close to an agreement for raising the debt ceiling. Later this afternoon, watch for earnings releases from DOCU, MRVL, OLLI, COO, GWRE, ULTA, and SWBI. Key earnings released Tuesday included FIVE, SLPK, SNOW abd CRWD.

Look out for some key FANG alerts:

Meta Platforms Inc: Facebook asked a U.S. court on Wednesday to dismiss and not allow the refiling of an antitrust lawsuit by the U.S. Federal Trade Commission which urges a court to demand that the company sell two big subsidiaries.

Apple Inc: The company has told its parts suppliers that demand for the iPhone 13 lineup has slowed.

Amazon: AWS Announces Two New Initiatives That Make Machine Learning More Accessible