Stocks close Monday lower coming off of last week's rally

All three major stock market indices (^DJI, ^IXIC, ^GSPC) close Monday lower, easing off the gas pedal from last week's Nvidia-fueled rally. Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the sector action across indexes.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Luke Carberry Mogan.

Video transcript

JULIE HYMAN: The NASDAQ had been eking out a gain an hour ago when we checked in. But finishing the day lower by 1/10 of 1%. The S&P 500 off by 1/4 of 1%.

The Dow off by 62 points, just over 1/10 of 1% as well. So, again, sort of a pause of the upward momentum that we saw for a lot of stocks last week. We talked earlier about Alphabet and the role that played with the decline in communication services stocks today. So that part of the reason the NASDAQ was lower as well, Josh.

JOSH LIPTON: Stocks ending the day little change here as investors wait on some key economic data this week. Jared Blikre is here with a look at today's action, Jared.

JARED BLIKRE: That's right. Only the small caps managed to end in the green today. And when we take a look at the sector action, it was all about energy that was still in the lead as of the close there. Followed by consumer discretionary and tech.

So a little megacap action in there. But for the most part, seeing a lot of red. Utilities down 2%. Communication services down 1.5%.

And we can see some of these losses here. I said, communication services, second worst sector of the day. Alphabet, the worst performing big-cap stock in there down 4.4%.

More disappointment over Gemini. We'll see how that shakes out. But look at this. NVIDIA the sole megacap.

Well, can we still put Tesla in there? We're going to call Tesla a mega-cap. That's up 4%.

NVIDIA up 1/3 of 1%. That is a 23rd-record high, record closing high this year. So it is number one in that respect at bests.

Boston Scientific which only has 22 and did not notch one today. And I mentioned these mega caps here. At Tesla, almost about to be overtaken by Broadcom. Let's take a look at that race.

635 billion for Tesla. Broadcom $612 billion. It was only a couple of months ago that Eli Lilly finally surged ahead of Tesla for the first time. So we'll have to see if there's another race in there.

And here are our leaders for today. Not surprisingly, Bitcoin, the number one gainer up over 6%. That has just been exploding to the upside. Is it up to 55,000 now? I have to check in a minute.

Then we have disruption. ARKK has been doing well today. So that is a flip from last week when unprofitable tech was not doing well. Some returns today. And also, IPOs.

So we're seeing some fringier parts of the market along with silicon semiconductors software and biotech. And by the way, small caps. I did mention small caps ended in the green.

What did not work today? We have cannabis, Korean stocks, regional banks, low volatility. And it looks like also Chinese shares.

Let's take a look at Chinese stocks here today. Li Auto outsized day up 19%. But not a whole lot of bullish accent. Bullish action outside of that.

We'll throw NIO in that bucket. That's up almost 5%. And XPENG as well. So a good day for Chinese EVs.

But in the number one performing sector in the US today, at least on a large-cut basis, not even seeing a lot of green here. So I did promise crypto. Let's take a look at that price there. 54,000. 54,430, guys.