That was the case Monday, as the index dropped 0.2% after being lifted by a handful of larger, riskier stocks earlier in the morning. The Dow was down 150 points, or 0.3%. The Nasdaq Composite, which is far more concentrated with tech, was up 0.1%.
For the Nasdaq, it’s on track for its tenth record close in 11 sessions. It’s risen 21 of the past 21 trading days, which would be the most daily gains in a 25-day span for the index since July 2020.