CNBC Daily Open: Tech might not be the biggest beneficiary of rate cuts

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Record close for Dow
U.S. markets were mixed on Monday. The S&P 500 and Dow Jones Industrial Average rose, with the Dow notching a record close. But the Nasdaq Composite fell. The pan-European Stoxx 600 index lost 0.16%. U.K.'s FTSE 100 ended flat. The Bank of England will meet Thursday for its latest monetary policy decision.

Intel forges new path for foundry
Intel shares popped around 8% in extended trading on news the chipmaker plans to structure its foundry business as an independent unit with its own board and ability to raise outside funding. It might even spin off the business as a public company, according to a person with knowledge of the matter. Separately, the Biden administration on Monday awarded Intel up to $3 billion under the CHIPS Act.

Blemished Apple
Apple shares slid 2.78% after TF Securities analyst Ming-Chi Kuo reporteddemand for Apple's new iPhone 16 was down 12% year on year compared with the iPhone 15's first-weekend sales. Kuo also said consumers weren't enthused because Apple Intelligence wasn't available with the iPhone at launch, and as competition from Chinese manufacturers dents iPhone demand.

Choppy flight
Boeing is implementing a hiring freeze amid plans to cut costs, such as pausing nonessential staff travel. Just this year, Boeing has had to deal with: a 737 MAX door panel blowing out in midair; its Starliner spacecraft returning to Earth without its two planned passengers; and a strike by more than 30,000 workers.

[PRO] Short-lived record?
The S&P 500 is less than