Day Traders Diary

9/17/20

Volatile trading on Thursday amid renewed pressure in shares of the major tech companies. Conflicting messaging on the coronavirus vaccine front and uncertainty around further stimulus also weighed on sentiment. The Dow Jones Industrial Average is down triple digits after sliding nearly 400 points earlier in the session. The S&P 500 is down 30 points or 0.8%. The Nasdaq Composite is down 150 points or 1.3%.

Facebook and Amazon were down 4.4% and 3.1%, respectively. Netflix traded 3.7% lower. Alphabet dropped 2.7% while Apple and Microsoft were both down at least 2%. Snowflake, an IPO which captivated Wall Street on Wednesday as it doubled in its debut, was off by 11.4%.