NewsWare’s Trade Talk: Thursday, July 20

S&P Futures are trading lower this morning as TSLA & NFLX are moving lower after the companies release earnings yesterday. Discover Financial Services said it would pause share repurchases as it investigates a misclassification of credit card accounts from around mid-2007. This morning's key economic reports are the jobless claims and Existing Home sales, however, the market seems to be preparing for next week's FOMC announcement on interest rates. In Europe, the major indexes are trading higher and oil prices are displaying slight gains.