Nasdaq climbs above 17,000, Dow lags and drops by 200

The Dow Jones Industrial Average (^DJI) was dragged lower in Tuesday's session, falling by 216 points and below 39,000. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) hold onto gains, the latter more notably rising above 17,000 for the first time ever. Nvidia (NVDA) shares hit their own all-time high intraday.

Market Domination Overtime's Julie Hyman recaps the day's stock market index performances, while Jared Blikre breaks down the biggest winners and losers across sectors.

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

And that's the closing bell on Wall Street.

Now it is more domination over time.

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

Let's start with where the major averages ended up or down, as the case may be.

In the case of the Dow, down by about 217 points off about 610 of 1% on the day.

The S and P 500 little change, but very slightly to the upside.

It looks like as we close out here and the NASDAQ higher by about 6/10 of 1%.

We saw the likes of NVIDIA helping to buoy that particular index here today.

Interesting that we've got the equal weight index of the S and P down by about 8/10 of 1%.

There also 2000, down about a quarter of 1% here, as we talked about earlier, and I just want to highlight again this move back upwards in the 10 year yield, perhaps a little bit of a stumbling block as we await Friday's inflation data.

Now let's send it over to Jared, who's got a closer look at today's action.

Julie I'm really interested in the tenure today because we broke above 4.5% and that was done on that 1 p.m. auction.

We have several more bond auctions this week, so that's going to be front and centre when it comes to sector action.

When you see higher yields, you don't think Tech should be outperforming.

But that's what happened today along with communications services.

But energy was a big winner here.

Energy up 1% tech up 44 basis points, Communication services 19 and then you have industrials down over 1%.

So is health care and financials.

And just taking a look at some of the leaders today.

It was really all about the chip stocks.

I'm going to go straight to our semiconductors, where we have NVIDIA in the midst of a three day rally that is worth let's see here 20% just to or 20%.

So that's really impressive.

Impressive to see that following their earnings and also seeing some follow ons by a MD a SML each of those up more than 3% arm up almost 9%.

So that's where a lot of the action was.

But we also saw energy really Take, uh, take the leadership position here.

Exxon up over 1%.

So is Shell.

So is ConocoPhillips.

So is BP.

So we are seeing that it's been interesting to track energy versus tech.

Usually when one of them is leading, the other is lagging.

But today they both happened to be in the leadership positions.

I'm also going to check in on our travel section, and we're seeing a lot more red here than Green.

Delta Airlines, down 3%.

But Carnival bucking the trend up more than 3% and in fact, the cruise lines doing pretty well overall, Norwegian Cruise lines up over 3.5% guys.