Financial Review

..Stocks pop and then fall after Fed holds pat. Strong 1Q earnings already priced in. China trade delegation – don’t expect much. EU fires back on tariffs. #RedforEd Day 5, possible deal. Financial Review by Sinclair Noe for 05-02-2018 DOW – 174 = 23,924 SPX – 19 = 2635 NAS – 29 = 7100 RUT + 4 = 1554 10 Y – .01 = 2.96% OIL + .43 = 67.68 GOLD + 1.00 1305.60   The major indexes initially popped after the Fed left interest rates unchanged but fell hard in the final hour of trade. Apple rose 4.4 percent after reporting better-than-expected quarterly earnings and revenue. Apple’s revenue is growing despite slowing demand for its marquee product. Revenue from the iPhone rose 14% in the company’s fiscal second quarter…. even though shipments of the phone only grew 3%. Apple suppliers like Broadcom have been warning of sputtering global smartphone sales, as consumers hold on to phones longer or switch to cheaper models sold by Chinese rivals. The $1,000-pricetag for the company’s iPhone X is probably the biggest drag