NewsWare’s Trade Talk: Wednesday, October 5

S&P Futures are lower this morning after posting their biggest two-day gains in more than two years. There are a number of important events to pay attention to today. There is an OPEC meeting happening with an announcement on production quotas due out today.  We also have the ADP Employment report which will be watched closely and is thought to provide a solid indication ahead of Friday's non-farm payroll report. European markets are weak this morning with Auto, retailers, and real estate stocks moving lower.  Later this afternoon, Costco will be releasing its monthly sales figures.