Indices closed in the red zone on Wednesday, May 1, 2019. Brands dipped in the wake of comments from the Federal Open Market Committee meeting. The Federal Reserve left benchmark interest rates unchanged at a 2.25%-2.5% range, and said it would “be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate.” On another note, data from payrolls processor Automatic Data Processing showed non-farm private-sector employment increased by 275,000 in April. Up from 129,000 in March, economists had anticipated a lesser reading of 176,000. Looking elsewhere, manufacturing decreased in April. The Institute for Supply Management’s manufacturing index slipped to 52.8 from 55.3 in March.