Nasdaq Hits Record High as Tech Shines; Dow Suffers Longest Losing Streak Since 2018 | Wall Street Today

The Nasdaq hit another record high as markets closed mixed on Monday. At 4:01 p.m. ET, the $Nasdaq Composite Index (.IXIC.US)$ finished up 1.24% to 20,173. The $Dow Jones Industrial Average (.DJI.US)$ closed off 0.25%, falling for its eighth consecutive day. This represents its long streak of declines since 2018. The $S&P 500 Index (.SPX.US)$ was up 0.33%

$Apple (AAPL.US)$, $Alphabet-A (GOOGL.US)$, $Broadcom (AVGO.US)$, and $Tesla (TSLA.US)$ hit all-time highs. Bitcoin reached another record, soaring to $107,000.

For sectors, it was a big day for tech. $NVIDIA (NVDA.US)$ had a correction, down 2% and $Broadcom (AVGO.US)$ had a good day, rising 11%. Tech and consumer discretionary sectors of the S&P 500 closed at record heights.

Jefferies downgraded $Ford Motor (F.US)$ to Underperform, citing earnings pressure, rising U.S. inventory, unclear electrification strategy, and tough restructuring decisions ahead, while Ford shares closed nearly 4% lower on Monday.

$Okta (OKTA.US)$ shares closed more than 3% higher Monday after JPMorgan upgraded the stock to overweight from neutral, with a $100 price target.

$MARA Holdings (MARA.US)$ shares closed over 8% higher as Bitcoin surged to an all-time high above $107,000, boosting crypto-linked stocks, while the company advances strategic initiatives, including a wind farm acquisition and plans for a renewable energy-powered data center.

$AeroVironment (AVAV.US)$ shares closed up 8% after the U.S. Government Accountability Office denied a competitor's protest over the company’s nearly $1 billion Army contract for Switchblade drones, allowing work to continue.

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