NewsWare’s Trade Talk: Friday, February 4

S&P Futures have turned negative after displaying gains all morning. The market was given a boost yesterday after the close as earnings reports from AMZN, PINS, and SNAP were positive. The Key economic event today will be the release of the Non-Farms Payroll report. Media reports that President Biden is expected to comment on the report later this morning. The Senate is moving forward with its bill that is aimed at AAPL and GOOG 30% commission on all app sales. The house is expected to pass legislation today that will provide incentives to the Semiconductor industry to bring production back to the U.S.