Nasdaq dips on Apple performance as market looks to the Fed

US stocks ended Monday's trading session mixed after the Nasdaq Composite (^IXIC) snapped its win streak, falling by over 0.5%. The Dow Jones Industrial Average (^DJI) saw gains of 0.55%, or 228 points, in the trading day.

Market Domination Overtime's Alexandra Canal recaps the day's market action after Apple (AAPL) shares dipped on underwhelming iPhone 16 pre-orders. Yahoo Finance markets and data editor Jared Blikre breaks down the sector winners of the day before turning his attention to semiconductor stocks and Nasdaq 100 (^NDX) components.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video transcript

That's the closing bell on Wall Street, and now it's market domination over time, sponsored by tasty trade.

We're joined by Jared to get you up to speed on the action from today's trade.

But let's first see where the major averages ended up, and we're looking at a mixed bag on Wall Street.

Although the Dow Jones was able to eke out another record here, closing about six cents of a percent higher, the S and P 500 I was able to rally into the close a little, but they are up about 1/10 of a percent.

We were pretty negative throughout the trading day and the NASDAQ, the only major index to close in the red, down about 5/10 of a percent.

This is largely due to shares of Apple that closed down about 3% lower after pre orders for its new iPhone shipment fell short of expectations there.

But now I want to head over to Jared for a closer look at today's sector action.

So, Jared, what are you watching?

Yes, thank you Indeed, Really interesting day from a sector point of view in terms of record highs alone and let me just show you what we've got on the board.

Only two sectors in the red, the worst was tech and also consumer discretionary.

There you're going to find some of those mega caps.

But look at financials up 1.3% energy of 1% and then the record highs.

I was talking about communication services, utilities, health care, and I believe materials is in there, too.

And Staples.

So just a lot of really interesting breadth and strength to the market right now, but not in tech.

So let's take a look at some of our leaders.

Index and Bitcoin is actually right at the bottom there, along with semiconductors.

The mag seven Not doing well, art components.

So both profitable and unprofitable.

Tech Not looking the best.

And let's just delve inside the semiconductor heat map.

We got armed out 6%.

That's one of the biggest losers.

Miron down 4% and then we'll close here with Arc and we're sitting more more green than red.

But some of the biggest players in the red that'd be Tesla down 1.5% also perhaps accounting for that communication.

Uh, excuse me.

Uh, consumer discretionary sector reading that led it to be second to last.

Um, I have a little bit more time, so let me just see what's going on in the NASDAQ 100 here.

Kind of a mixed board.

But in the mega caps, I do want to point out Apple down 2.5%.

Got some choice words we're gonna be talking about with that with, uh, Josh in just a few minutes and about 30 minutes, actually.

Um, and just besides a broad chip weakness we are seeing, we are seeing intel up 6%.

That's some of some idiosyncratic news with respect to that semiconductor, but, uh, one of those few rare days where Intel is leading.