NewsWare’s Trade Talk: Wednesday, May 17

S&P Futures are higher this morning as the results from yesterday's debt ceiling talk appear to be positive. Speaker McCarthy said that a deal was possible by the end of the week. In yesterday's Fed Speak, Cleveland Mester wants to raise rates, Chicago's Goolsbee, Atlanta's Bostic, and New York Williams appear unlike to vote for a rate hike in the June meeting. Target delivered an earnings beat, but their forward guidance was weak. CSCO to release after the close. European stocks are mixed and oil is now trading higher.