Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Day Traders Diary

8/27/12

U.S. stocks mostly climbed Monday as Apple gained in the wake of a $1 billion jury ruling in its favor. The Dow Jones Industrial Average fell 13 points to 13,144. The S&P 500 index gained nearly a point to 1,412.. The Nasdaq Composite added 7 points to 3,077. The rich get rich as Apple jumps 2% to another new high. Good news for Apple is bad for Samsung, down 7.5% in Seoul. The ruling is also negative for Google and their Android system. Google is down a percent. The news maybe a mild positive for the Windows Phone operating system from Microsoft, partner Nokia and possibly Blackberry maker, Research in Motion. All three are higher. IBM is making news announcing a $1.3 billion software acquisition of Kenexa. The stock is surging 41.6%. Outside the tech space, things are quiet. It's quiet risk off kind of day. The transportation sector continues to struggle not confirming the recent rally. The utilities, consumer staples, and healthcare space are taking the lead today. The financial space is quiet for the most part. Hudson City Bancorp is trading up 15% after agreeing to be acquired by M&T Bank $3.7 billion deal. Not bad. Third acquisition announced this morning comes from Hertz Global Holdings announcing the purchase of Dollar Thrifty Automotive Group. Through the morning the averages remained quiet. The Dow moved back to the unchanged level, but that was it for the rally. The Nasdaq is in the green thanks to Apple's 2% rally. In the afternoon the averages continued to move sideways, sliding a little lower into the close. Energy, materials, and industrials under pressure all day. The Dow industrials finished down 33 points at 13,124. The Nasdaq Composite rose 3 points to 3,073, with shares of Apple up 1.9%. The S&P 500 slipped 70 cents to 1,410. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.