NewsWare’s Trade Talk: Tuesday, August 22

S&P Futures are trading higher this morning with tech stocks in focus as AI favorite Nivida is scheduled to release earnings tomorrow afternoon. The banking sector is on watch as S&P lowered its credit ratings on KEY, CMA, VLY UMBF and other smaller banks. Retail stocks will be active on earnings announcement this morning as M BJ, COTY DKS, BIDU LOW are reporting. In Europe, stocks are higher with technology stocks moving higher. Oil prices are slightly lower ahead of stockpile reports.