Day Traders Diary


The major averages pull back once again as the buyers wait for key inflation report due out later this week. The Dow Jones fell 23 points or 0.06%. The S&P 500 fell 8 points or 0.17% while the Nasdaq Composite fell 87 points or 0.55%, notching a third straight day of losses.

UnitedHealth weighed on the Dow Jones today, falling 3% on news of an antitrust probe by the DOJ. Apple and the rest of the tech sector hurt the major averages.

A few tech stocks were higher today. eBay rose 7% following better than expected earnings, a hike to the dividend and a new share buyback. Equipment maker, Ambarella was higher on better than expected earnings.

Bond yields actually pulled back a little ahead of key inflation data. Investors are looking toward the personal consumption expenditure reading for January on Thursday, which is the Federal Reserve's preferred measure of inflation.


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