NewsWare's Trade Talk: Tuesday, May 28

S&P Futures are higher this morning as markets look to catch up after yesterdays holiday. Key economic report for today is the Consumer Confidence report. Active week ahead on the earnings front with reports due out from AAP, ANF, DKS, HPQ, CRM, COST, DELL MRVL and others. AAPL shares are gaining this morning on news of a spike in iPhone sales in April in China. Markets are keying on Friday inflation report, markets continue to expect only 1 rate cut in 2024. In Europe, markets are displaying weakness and Oil prices are displaying gains with stockpile and economic reports due out this week along with an OPEC meeting on Sunday.