NewsWare’s Trade Talk: Wednesday, July 26

S&P Futures are lower this morning as traders are cautious ahead of today's FOMC announcement. Powell's press conference is likely to create volatility when he starts his press conference. MSFT guidance fell short of expectations, GOOG reported better than expected earnings, and SNAP is down over 18% due to guidance. In Europe, the major indexes are lower due to mixed earnings results and upcoming Central Bank decisions on interest rates. Oil prices are down almost 1% this morning as last night's API data displayed a build in crude stockpiles.