NewsWare’s Trade Talk: Friday, October 17

S&P Futures are falling in the pre-market, but off their worst levels of the morning, as banking stocks lead the move lower. Regional bank fears of a credit quality problem are the key factor causing the weakness. The big banks have delivered positive earnings results this quarter which indicates that the situation is likely contained. President Trump to meet with Ukraine's President today, likely to discuss sending them tomahawk missiles. ORCL provided strong forward guidance in its analyst day yesterday. Earnings reports are out from TFC, FITB & RF which are all trading higher. IBKR is lower after their release yesterday afternoon. Monday morning, CLF & SMMT are scheduled to report.