The Dow Jones Industrial Average (^DJI) continued to rise and ended the day in the green. The Nasdaq Composite Index (^IXIC) and S&P 500 (^GSPC) ended Monday lower ahead of the February Consumer Price Index (CPI), which is expected to be released on Tuesday.
Yahoo Finance's Julie Hyman breaks down the day's performance of the major indexes, and Jared Blikre highlights sector movements seen today and over the past 30 days.
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor's note: This article was written by luke carberry morgan.
video transcript
Julie Hyman: –What we did on Friday. And Jared, it seems like what a lot of people are asking here is, is this a pause in the bullishness that we've been seeing for big tech companies, or is it a more serious discontinuity?
Jared Breichle: Yes, exactly Julie. And many seasonality maps predicted a potential correction, or at least a decline of a few percentage points, in February. It did not occur. We may be at a new beginning. Must take a look. But suffice it to say, it's overdue. Now, let's take a look at how the sector is doing today. You can see that the materials sector is in first place, up more than 1%, followed by energy, consumer staples, utilities, and financials. they are green.
On the downside, there are industries and real estate. Both are decreases of about 0.5 percent. And if you dig into some of the leaders and sentiment markers, you'll see that it's Bitcoin that makes the headlines most days, and it's also gold. Each has recorded record numbers of deals. There are not many closing price records for stock prices or indexes. But I'd like to end this story by showing you what's happening in semiconductors. There's not much to talk about record highs when Nvidia is down his hefty 2%. Sozzi.
