As the Dow set new records, Apple and the others took a beating.
From Investor's Business Daily:
There appears to be a sector rotation, with bank, drug, defense and basic material stocks soaring on the upcoming Trump administration. Meanwhile, investors are pulling out of defensive sectors such as consumer products and tobacco. They're also taking profits on the big-cap techs, though they are off session lows.
Other hot tech stocks, have weak downside protection, and no dividend to reward long term holders.