NewsWare’s Trade Talk: Thursday, April 27

S&P Futures are higher and indicating a strong opening today. The market will focus on Economic data and earnings reports today. The key economic data point today is this morning's GDP report. Estimates indicate a positive GDP number is likely which is in contrast to the market's expectations that a recession is right around the corner. Meta's positive earnings report last night has the stock higher by more the 11% and there are more tech earnings on the way. Soon the market will start to change focus as there is an FOMC meeting next week. European shares are flat to higher and oil prices are marginally higher after yesterday's almost 4% drop in prices.