NewsWare's Trade Talk: Wednesday, January 31

S&P Futures are lower this morning. After the bell yesterday, earnings results from big tec (AMD, GOOG & MSFT) were positive, but shares are retreating. TSLA shares are off after a judge struck down Elon Musk's $55 billion pay package. China's factory activity contracted for the 4th month in a row. This afternoon, the Fed will provide an update to monetary policy, Powell to hold his press conference afterwards. After the bell today earnings are due out for BOOT, WOLF, FLEX, ALGN, MET & QCOM. In Europe, stocks are relatively unchanged yet trending positive due to earnings results. Oil prices are lower this morning due to demand concerns out of China.