NewsWare’s Trade Talk: Friday, October 21

S&P Futures are lower this morning as global markets react on indications that the Fed will continue to be in a hawkish mode for 2023. Weakness is apparent in various social media stocks. SNAP earnings results indicate a possible slowdown in the digital ad marketplace. TWTR shares are weak as regulators are considering a national security review of a Musk acquisition.  Oil has rebounded from a 1% loss earlier this morning.