NewsWare’s Trade Talk: Thursday, May 16

S&P Futures are slightly higher again this morning. Corporate earnings in focus as CSCO delivered a solid report last night. BIDU & JD are higher, DE is lower on earnings this morning. Key economic data point for today will be the Jobless Claims report before the bell, there is also a host of Fed Speak happening today. China is set to release reports this evening on retail sales and industrial production. In Europe, markets are softer as corporate earnings are weighing on those markets. Oil prices are weakening this morning due to forward demand concerns.