Tech Stocks: Points and Benchmarks Fare

tech stocks: AAPL, 3.18% was in the spotlight as it announced new model iPhones and other products at its annual launch event Tuesday afternoon, according to Market Watch. How did the major benchmarks fare The Dow Jones Industrial Average DJIA, 0.85% rose 73.92 points, or 0.3%, to 26,909.43, while the S&P 500 index SPX, 0.72% added 0.96 point, or less than 0.1%, to 2,979.39. Apple Inc. The Nasdaq Composite index COMP, 1.06% retreated 3.28 points, or less than 0.1%, to 8,084.15 At session lows, the Dow fell 118.46 points, or 0.4%, the S&P 500 lost 21.42 points, or 0.7% and the Nasdaq was down 85.75 points, or 1.1%. What drove the market Investors eyed a potential rotation in market leadership from defensive names and fast-growing tech stocks into cyclical sectors, including energy, industrials and materials, all of which have posted gains Tuesday, in contrast with the S&P 500. If we can actually move away from narrow, defensive leadership into cyclical and small-cap leadership, that would be a healthy development for the market. The big story is the continuing rotation that we saw begin a couple days ago, Willie Delwiche, market strategist with R.W. Baird told Market Watch. (news.financializer.com). As reported in the news.