NewsWare’s Trade Talk: Tuesday, May 23

S&P Futures are slightly lower in choppy trading this morning with the ongoing debt ceiling discussion continuing to be a key factor for the markets. Yesterday's discussions were described as productive but without progress suggesting that there is still a significant degree of uncertainty surrounding the outcome of the negotiations. BABA is said to be cutting 7% of cloud staff. Guardant Health prices upsized 12.5m share offering at $28 suggests that the company is looking to raise capital to fund its growth initiatives. Shutterstock to acquire GIPHY from Meta for 53m. European exchanges are mixed this morning and Oil has started to move higher.