NewsWare‘s Trade Talk: Wednesday, December 8

S&P Futures are fractionally higher this morning after two days of strong gains. On the economic front, we have two key reports due out, the JOLTS report and the EIA oil stockpiles report. On Capitol Hill, the CEOs of 6 major cryptocurrency firms will be appearing before Congress to discuss regulation. Also, Adam Mosseri, the head of Instagram, appears before the Senate at 2:30 p.m. ET to discuss “Protecting Kids Online,". Oil prices are showing gains this morning as the API reports indicate a draw in stockpiles occurred last week. RH & GME are scheduled to release earnings this afternoon.