NewsWare’s Trade Talk: Friday, July 22

S&P Futures are slightly lower again this morning. Social media stocks are in focus this morning as SNAP earnings were a disappointment due to a decrease in AD spending. Advertisers may just be removing ad dollars from SNAP and reallocating them to other social media sites. Oil prices remain on watch as well as next week's FOMC meeting will likely increase the value of the dollar. Next week is a big week for earnings announcements.