Day Traders Diary

5/2/19

U.S. stock futures pointing to a slow start as the markets digested comments from the Federal Reserve. The Fed Chairman Jerome Powell said low inflation pressures may just be "transitory," hinting that a rate cut may not be on the horizon. On the earnings front, a number of retailers are trading higher following earnings. The list includes Under Armour, Dunkin Brands, Yeti and Polaris. Tesla is higher after announcing a plan to raise $2 billion in equity and debt with Elon Musk buying $10 million of the offering.