Day Traders Diary


More volatility in the markets and the tech space as the major averages open mixed today. The Dow Jones Industrial Average is higher by 135 points or 0.35% led by 3M, Chevron, Home Depot and Caterpillar. The S&P 500 is down 4 points while the Nasdaq is down 80 points or 0.5% led lower by AI chip stocks.

Nvidia, AMD and Micron are down 3% or more. Apple, Meta and Microsoft are modestly lower as well. Tesla is down 3% on a downgrade with a $125 price target. GE Healthcare Technologies is down 4% after a big run. The company is doing a secondary offering. Dollar Tree is down 13% after the discount retailer reported lackluster fourth-quarter results.

To the upside, William Sonoma is jumping 14% on earnings. The oil space is having a good day. Ukraine attacked Russian oil refineries yesterday causing some major damage in the short term.

Wall Street is coming off a winning session, with S&P 500 and Nasdaq popping more than rallied more than 1% on Tuesday, after February U.S. inflation data came in about in line with expectations.

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