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Leigh Baldwin & Co.

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

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Day Traders Diary

5/1/19

The major averages finished in the red after the Federal Reserve hinted they may have to raise rates before year end. Ten of the 11 S&P 500 sectors finished lower, led by energy (-2.2%), materials (-1.8%), and consumer staples (-1.2%). The weakness in the energy space was also driven by lower oil prices. Before the Fed comments, the averages were performing well with the S&P 500 reaching new all-time highs. Apple was a standout to the upside up 4.9% to a six month high following better than expected earnings, a dividend hike of 5% and an additional $75 billion added to their buyback.

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