NewsWare's Trade Talk: Thursday, June 27

S&P Futures are flat to lower this morning as last night's earnings from Micron is weighing on the chips sector. There is a host of economic reports due out before the opening bell including Jobless Clams, Durable Goods. The results of the Fed Stress Test are in with all major bank receiving a passing grade. Earnings from MU, LEVI and WBA failed to impress. Nike is schedule to release after the bell today. There are a host of pending catalysts including tomorrow's inflation data, French & U.K. elections and a host of Fed Speak tomorrow. In Europe, markets are mostly seeing red as market prepared for inflation data results. Oil prices are seeing gains as geopolitical issues are on the rise.