US equities retreat to intraday lows, with NASDAQ down 1.14% as technical resistance stalls rebound attempts.
US stocks slipped toward session lows as selling pressure intensified, with the S&P 500 falling 0.60% to 7364 after hitting a low of 7360.38. The NASDAQ underperformed, dropping 1.14% to 25,925, nearing its 38.2% retracement level at 25,749.03.
Technical charts show a bearish shift, with Friday’s close below a rising channel’s lower boundary signaling fading momentum. Today’s rebound attempts stalled at the broken trendline, turning prior support into resistance and accelerating declines.
Crude oil continued its rally, reaching a high of $105.32, approaching a key resistance trendline near $105.85.