The markets were lower today as traders digested the latest exit from the Trump team. Secretary of State Rex Tillerson announced his resignation by the end of the day today, and Trump picked CIA Director Mike Pompeo as his replacement. This moved the markets into the red with the Dow 30 losing 172, the S&P 500 lower by 17, and the Nasdaq 100 selling off 77.

Oil was lower by 1.1% on the day as American shale output continues to pull market share from around the globe. It was a government report that showed US Shale output is expected to rise to almost 7 million barrels per day in April.

Macy's (M  ) was one of the leaders in the S&P 500 today as the CEO, Jeff Gennette issued a positive outlook on sales growth for the year. Credit Suisse stated that "Macy's is doing a good job launching initiatives to stave off structural headwinds," but that they still expect there are possibly 100 stores that are at risk for closing. Investors chose to focus on the good news from the CEO, which also helped names like Dicks (DKS  ), and Khol's (KSS  ) trade positively on the day.

Shares of General Electric (GE  ) were your worst performer in the Dow today as shares sold off 4.5%. JP Morgan (JPM  ) lowered it's price target to $11, the lowest of any analyst currently covering the stock. The analyst says that they expect GE's full year earnings to come in lower than expectations. This comes on the same day that the company announced bonuses for executives would be eliminated. This is the first time in the company's history that they have taken these measures. Shares are now lower on the year by about 16%.