NewsWare’s Trade Talk: Friday, October 28

S&P Futures are trading lower this morning with contracts on the tech-heavy Nasdaq-100 leading losses after a disappointing sales forecast from Amazon highlighted the challenges facing even the largest firms. Exxon Mobil and Chevron are showing gains after releasing strong earnings results. The key economic release for today is Personal Income & Outlays which is due out before the opening today. Oil prices are pulling back on demand concerns due to China issuing new lockdown measures.