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.

Watch More with TheStreet:

More from Video

Behind Your Barbie: The History of Mattel

Behind Your Barbie: The History of Mattel

Flying Into the Future: A Boeing Timeline

Flying Into the Future: A Boeing Timeline

CV Sciences CEO on the Future of CBD in Healthcare

CV Sciences CEO on the Future of CBD in Healthcare

Overwhelmed? Jim Cramer Breaks Down What You Must Watch This Week

Overwhelmed? Jim Cramer Breaks Down What You Must Watch This Week

Jim Cramer Gives Investors Advice on Market Volatility

Jim Cramer Gives Investors Advice on Market Volatility