NewsWare's Trade Talk: Wednesday, January 29

S&P Futures are trading modestly higher with earnings and a Fed announcement in focus. ASML, TMUS, ADP GD GLW SBUX & FFIV are higher after earnings reports. After the bell today MSFT, TLSA and META are scheduled to report. An Fed announcement is due today, no changes in interest rates are expected. Powell press conference will likely create some volatility. The White House said Tuesday that President Trump still plans to impose tariffs on Canada and Mexico on Saturday. Drug sector on watch as the RFK jr nomination hearings are underway. European markets are mainly higher this morning and oil prices are off by -0.75%.