Day Traders Diary

5/8/19

Stocks failed to rebound from a deep sell-off this week as investors remain on edge regarding the standoff between the U.S and China over a trade agreement. The Dow Jones Industrial Average finished the day 2.24 points higher at 25,967, while the S&P 500 and the Nasdaq were modestly lower. The late day sell-off in the Nasdaq was due in part to a disappointing forecast from Intel in the last hour of trading. Shares of recent IPO, Lyft dropped 10.8% after the company missed earnings estimates by a wide margin. Rival, Uber comes public on Friday.