NewsWare’s Trade Talk: Thursday, July 28

S&P Futures are trading slightly lower this morning. On the economic calendar today we have reports on Jobless Claims and GDP. Earnings reports are due out from MA, HSY, PFE, MRK, HON & AMT in the pre-market and from AAPL, AMZN, & INTC after the bell. The airline sector is active this morning as Spirit Airlines has agreed to merge with Jet Blue. Oil stocks are trading higher as crude oil prices move higher and in anticipation of earnings reports from CVX & XOM tomorrow. Sen Manchin has agreed to back the Affordable Healthcare Act.