NewsWare’s Trade Talk: Thursday, October 16

AI optimism is lifting markets this morning as S&P Futures point to a higher open. CRM’s upbeat forward growth forecast at its Analyst Day is fueling enthusiasm across the tech sector, while ORCL takes the stage later today with its own analyst event. Overseas, China is attempting to ease trade tensions with the U.S., clarifying remarks around its rare earth export policy.

On the geopolitical front, President Trump announced that India’s Prime Minister Modi has pledged to halt Russian oil imports, with Trump scheduled to speak again this afternoon. A busy lineup of FOMC officials is on tap before the Fed’s blackout period begins tomorrow.

Earnings are also front and center — BK, JBHT, TRV, and USB are all trading higher following their reports, while IBKR and CSX step up after the bell. Tomorrow morning, we’ll hear from AXP, SLB, and STT.

Tune in for a closer look at the latest market catalysts shaping the day on NewsWare’s Trade Talk.