Day Traders Diary
The major averages finished in the red as the financial stocks pulled back following another round of bank earnings. Goldman Sachs finished down 3.8% and Citigroup down 0.1% as both beat earnings expectations, but first quarter revenue for both companies declined year over year. The market's overall decline was kept in check following a turnaround in shares of communication services, consumer discretionary and health care. UnitedHealth Group gave the health care sector a boost. UnitedHealth and Johnson & Johnson will release their earnings tomorrow morning.All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.