NewsWare’s Trade Talk: Thursday, February 3

S&P Futures have been lower all morning. Indexes are likely to stumble today as social media stocks are displaying significant losses after disappointing earnings results from Facebook. The disappointing results from FB is pushing all social media stocks lower. It is a heavy day for economic releases today as the market awaits reports on U.S. Preliminary Productivity & Costs for 4Q, U.S. Factory Orders for December; U.S. Weekly Jobless Claims, and U.S. Markit Services PMI for January. Also, the ECB will be making an announcement on monetary policy. After the bell today earnings reports from AMZN CLX, F, and PINS are scheduled for release.