The Nasdaq Composite has slipped at the start of August, putting a five-month winning streak at risk.
The tech-heavy index is off to its worst start to a month since December 2022.
The sector-tracking Nasdaq Composite has slipped 3% in August for its worst first six trading days of a month since December 2022, putting a five-month winning streak at risk.
August has been the second-worst month for the Nasdaq over the past 52 years, according to data from Dow Jones – with the tech benchmark only tending to perform worse in September.
The S&P 500 and Dow Jones Industrial Average are also off to weak starts this month, sliding 2% and 0.7%, respectively.
Persons:
It's, Fitch, Moody's, Dow Jones
Organizations:
Nasdaq, Service, Tech, Federal Reserve, Treasury, Dow, Dow Jones
Locations:
Wall, Silicon