The Nasdaq Composite has triggered a significant technical warning signal after failing to reclaim the 30,000-point psychological threshold.
The index’s inability to sustain a move above this level resulted in a decisive break below the lower boundary of a neutral triangle pattern, a formation that often precedes further directional moves.
3% while the Dow Jones Industrial Average managed to post gains.
This technical breakdown comes amid persistent selling pressure in the technology sector.
US equity markets closed with no clear directional bias on Wednesday, as tech weakness dragged the Nasdaq Composite down 1.3% while the Dow Jones Industrial Average managed to post gains.
The divergence highlights a rotation away from growth-heavy names, with the Nasdaq underperforming broader market benchmarks.
The recent decline follows a broader sell-off in US equities on Tuesday, where broad selling in the technology sector weighed heavily on both the S&P 500 and the Nasdaq Composite.