Day Traders Diary

5/22/19

Stocks pulled back on Wednesday as trade worries increased while declines in Qualcomm and retailer shares also dampened market sentiment. The Dow Jones Industrial Average finished down 100 points at 25,776. The S&P 500 slipped 0.3% while the Nasdaq Composite declined by 0.5%.

In the retail space, Lowe's and Nordstrom both fell over 10% following disappointing earnings and lower guidance. Target was the bright spot among retailers. The stock rose more than 9% as its earnings and revenue topped analyst expectations. Target's same-store sales, a key metric for retailers, also surpassed estimates.