Day Traders Diary

4/17/19

The Dow Jones Industrial Average dipped 3.12 points to 26,449.54, while the S&P 500 fell 0.2% to 2,900.45. The Nasdaq Composite closed 0.05% lower at 7,996.08. Healthcare was the main culprit for the weakness once again, falling 2.9% as a sector, eclipsing a 2% drop from the previous session. A number of blue chip healthcare stocks made new 52 week lows. Tech was a bright spot with Apple and Qualcomm settling a lawsuit. Both stocks made new recent highs. Intel jumped 3% to a new high after announcing intentions to exit the 5G smartphone modem business.