NewsWare’s Trade Talk: Wednesday, March 2

BREAKING NEWS: Get notes from the transcript of Federal Reserve Chair Jerome Powell ahead of his testimony today indicating when he expects to raise rates. 

S&P Futures are displaying gains this morning. The market is reacting to news that Ukraine and Russia will be meeting later today to negotiate a possible end of hostilities. Jerome Powell will be on Capitol Hill today and will likely stick to his plan of a rate hike later this month. Energy prices continue to surge higher as global organizations are avoiding the delivery of Russian oil. There is an OPEC+ meeting today and they are likely to continue with a production quota increase of 40k bpd. President Joe Biden delivered an optimistic State of the Union speech on Tuesday, saying that America is "stronger today than we were a year ago," even as war rages on in Eastern Europe and concerns about inflation linger domestically. This morning we have the ADP employment report on tap for release. In the afternoon, we have earnings due out from SNOW, SPLK, PSTG, VSCO, CHPT AEO and more.