NewsWare’s Trade Talk: Friday, August 4

S&P Futures are expected to open higher this morning. Before the market opens today the Labor Dept will be releasing July employment data. This morning NonFarms Payrolls report will be closely monitored as it is used by the Fed's policy makers for interest rate decisions. AMZN delivered stronger than expected results last night. AAPL EPS were positive on the back of its App Store revenue, but declining iPhone sales is causing the stock to move lower this morning. European stocks have reversed course and are not trading lower on the day. Oil is higher and will likely close higher for the sith week in a row.