NewsWare’s Trade Talk: Thursday, May 26

S&P Futures are currently flat to higher. Catalysts today will be the economic data reports on jobless claims and an updated reading of first-quarter gross domestic product. Fed Vice Chair Lael Brainard will be speaking on digital currencies at noon et. There are a host of retailers releasing earing this morning (M, BURL, DLTR, BIDU, DG, BABA). This afternoon watch for earning reports from ADSK, ULTA, VMW, AEO, GPS & COST. Oil prices are pushing higher into the Memorial Day weekend. Shares of Twitter are 55 higher this morning as Musk commits to provide an additional $6.25B in equity financing for the deal.