Trade tensions were labeled as the reason for the markets decline today as the Dow 30 fell 102, the S&P 500 closed down 5, but the Nasdaq 100 closed flat on the day. Much of this was confirmed by the Russell 2000's move to new highs as investors flocked towards a domestic trade. The Russell 2000 continues to be the best performing index by far.

Despite the trade concerns Intel (INTC  ) was actually the biggest loser in the Dow 30 today, falling 3.5%. The stock was downgraded by Northland Capital which sent the stock towards the lower end of it's trend. Procter Gamble (PG  ) was the other big loser in the Dow, falling 2%.

Advanced Micro Devices (AMD  ) enjoyed a 4% gain on the day as analysts focus on the threat AMD is on Intel. The "comeback" of AMD has caused a huge shift in capital from Intel to AMD. The shift can clearly be seen in recent days by comparing charts.

Shares of Disney (DIS  ) were lower by 1.5% today as the stock was downgraded. The analyst that downgraded the stock had harsh words about the companies battle for Fox's (FOXA  ) assets with Comcast (CMCSA  ) saying that Disney has now found itself in an "unwinnable situation."

In other news General Electric (GE  ) shares were lower again as the French Government said the company should be fined if they do not create the 1000 jobs they promised when they took over Alstom (ALSO  ). GE has only created 323 as of the end of April.