NewsWare’s Trade Talk: Friday, May 19

S&P Futures are trading higher this morning driven by ongoing optimism around the debt ceiling talks and anticipation of Fed Chair Jerome Powell's speech later today. The positive sentiment appears to be reflected in European stocks as well, which are trading higher, while oil prices are also moving higher. It's worth noting that next week there are several retail stocks scheduled to release earnings. This could be an important event for the market, as the retail sector is closely watched for indicators of consumer spending and sentiment.