The Dow Jones Industrial Average closed at a record high, meanwhile the S&P 500 and the Nasdaq closed in the red, down 0.11% and 1.05%, respectively.
Shares of Broadcom Ltd. (AVGO) were in focus after the semiconductor company launched a total boardroom takeover effort at Qualcomm Inc. (QCOM) . Broadcom has nominated 11 directors for election at the chipmaker's annual shareholder meeting. The move comes after Qualcomm rejected Broadcom's unsolicited offer of $70 a share.
Broadcom is scheduled to report its fiscal fourth-quarter financial results on Wednesday.
Blue Apron Holdings Inc. (APRN) stock surged after analysts at Barclays upgraded the stock to "equal-weight" with a $4 price target. The analysts said the food kit delivery service company could be reaching a "stabilization point" and the promotion of Brad Dickerson to CEO is a positive given his experience and operational background.
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