NewsWare's Trade Talk: Friday, May 17

S&P Futures are flat and rather non directional this morning. Markets will be paying attention to comments from Fed speaker and key corporate developments today. Fed Gov Waller typically creates market volatility when he speaks. In company news, Microsoft will offer cloud-computing customers the option of using AI chips from Advanced Micro Devices instead of Nvidia AI processors. RDDT announced a deal with Open AI and last night's earnings action was underwhelming. China announced its long await stimulus package to help shore up its property markets. In Europe, markets are showing weakness due to monetary comments from ECB officials on the path of interest rates. Oil prices are weakening this morning due to forward demand concerns.