Technology stocks on the Nasdaq 100 were poised for a third consecutive day of losses Thursday, as investors continued to adopt a risk-off stance ahead of Federal Reserve Chair Jerome Powell's speech at the central bank's annual Jackson Hole Symposium on Friday.
After last week’s volatility, the latest breadth data suggests a rebalancing in market participation. The broader trend remains neutral, though a slight tilt toward weakness persists. Fewer new highs, soft advancing metrics, and lukewarm SMA participation continue to limit bullish momentum.
