Markets show signs of strain as tech-heavy Nasdaq nears June lows and the S&P 500 dips below its 50-day moving average.
The Nasdaq closed below recent lows, approaching support levels from June 26 and June 9. The index’s decline reflects growing investor caution amid shifting sentiment in tech and AI-related stocks.
The S&P 500 finished marginally below its 50-day moving average, matching its last close at this technical threshold. Analysts note increased chatter about bear-market risks, though equities remain far from traditional bear territory.
Upcoming earnings from Google, Tesla, and AMD could sway sentiment, particularly for AI-exposed stocks. Capex guidance from Google will be closely watched after recent sector volatility.