The NASDAQ100 extended its losing streak as investors keep taking profits in tech stocks
Advanced Micro Devices and Broadcom each lost around 1%. Intel slid over 7%. Apple, Amazon, Alphabet, and Tesla also posted losses. Market volume typically falls in late August, which can lead to wilder swings.
NATO military leaders are scheduled to meet today to discuss security guarantees for Ukraine, focusing on potential peacekeeping roles and defense commitments.
If the price does manage to break above $1.167 with a strong bullish close, it may encounter the resistance zone at $1.1700 to $1.173. The volume profile shows a concentration of trading activity around the 1.1645.
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