NewsWare’s Trade Talk: Friday, May 3

S&P Futures are showing positive activity this morning ahead of the widely anticipated Non-Farms Payrolls report this morning. The payrolls data is the key economic data point for the day and is expected to show a number near 240K added jobs for April. Earnings from AAPL beat against a low bar. AMGN also beat, but their update on their weight loss drug is causing significant gains this morning. Key earnings announcements for nest week include BP, DIS, ANET, UBER, BUD, TTD & ABNB. In Europe, markets are higher with gains in financials and luxury stocks. Oil prices are slightly higher back this morning and appear headed for a 5% loss for the week.