The S&P 500 Index ($SPX) (SPY) Monday closed up by +0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.47%.
Stocks on Monday settled mixed, with the Dow Jones Industrials posting a new record high. Apple fell more than -2% Monday to pressure the overall market on signs of weak demand for the new iPhone. Also, the weakness in chip makers on Monday weighed on the broader market. However, Intel rose more than +6% Monday to lift the Dow Jones Industrials after the chipmaker officially qualified for as much as $3.5 billion in federal grants to make semiconductors for the Pentagon.
