The markets were absolutely pummeled today as the profit taking selloff continues. The Dow 30 lost 361, the S&P 500 was lower by 31 and the Nasdaq 100 sold off 64. The focus tonight will be on the President's first State of the Union address where he will attempt to rally the country around a $1.5 trillion infrastructure plan.

Amazon (AMZN  ), Berkshire Hathaway (BRK.A  ), and JP Morgan (JPM  ) announced early today that they are teaming up to tackle healthcare on their own. Amazon has shown movements towards the drug space and JP Morgan's CEO has reportedly been considering a Presidential run. Between the three companies they aim to reduce costs and simplify the healthcare system.

Apple (AAPL  ) is officially cutting production of its new iPhone X as it seems the price tag (and glass construction) was just too high for the demand they anticipated. Analysts nailed the 20 million phone number which was 50% lower than their initial production plans. Thursday will be the first look we get at those iPhone X sales as the company will reports earnings Thursday.

Shares of healthcare stocks like United Healthcare (UNH  ), and Cigna (CI  ) suffered sharp declines today on news of the new efforts by JP Morgan, Amazon and Berkshire Hathaway. United Healthcare lost 4.33% on the day, giving up over two weeks worth of gains. Cigna was one of the hardest hit with losses amounting to 7% today alone. The move today erased almost all of the years gains on Cigna.

In other news, Airline stocks like Delta (DAL  ) and United (UAL  ) enjoyed gains today as the price of oil sold off with the markets. Oil was down almost 2% on the day which helped "fuel" airline stocks. Delta added 0.65%, and United gained 1.87% on the day.