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

9/25/19

The major averages rebounded today after President Donald Trump said a U.S.-China trade deal could arrive sooner than expected and the impeachment proceedings, if they occur, should not get pass the Senate.  The Dow Jones Industrial Average closed up 162 points at 26,970. The S&P 500 gained 0.6% to end at 2,984 while the Nasdaq Composite climbed 1.1% to 8,077.

Tech was the best-performing sector in the S&P 500, rallying more than 1% along with consumer services. Facebook, Amazon, Netflix and Google-parent Alphabet all closed higher. The Philadelphia Semiconductor Index finished up 1.8%.

Trump told reporters at the United Nations in New York that a U.S.-China deal could come sooner "than you think." Both countries have been engaged in trade negotiations since last year. The back and forth between China and the U.S. has sent ripples through global financial markets as investors assess the trade war's impact on the global economy. Japan and the U.S. are inching close to a trade agreement.

Tech was the best-performing sector in the S&P 500, rallying more than 1% along with consumer services. Facebook, Amazon, Netflix and Google-parent Alphabet all closed higher. The Philadelphia Semiconductor Index finished up 1.8%.

In Corporate news, Nike rose 4% on earnings while Cintas rose 5.7% following strong earnings and upside guidance for 2020. Philip Morris International jumped 5.2% after ending merger talks with Altria.

The 2-yr yield increased six basis points to 1.67%, and the 10-yr yield increased ten basis points to 1.73%. The U.S. Dollar Index rose 0.7% to 99.03 amid weakness in the euro and British pound. WTI crude lost 1.3%, or $0.76, to $56.56/bbl, extending its recent pullback as inventories unexpectedly increased.

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.