Defensive Sectors

U.S. equities are showing fresh signs of strain as defensive sectors weaken and the Dow takes the heaviest hit among the major indexes. The Nasdaq is finding only narrow support from selected chip stocks, leaving the broader market exposed if technology demand fades again.

U.S. stock pressure is broadening as defensive sectors lose traction while selective chip buying gives the Nasdaq only limited support. Technical traders remain cautious as the S&P 500 and Nasdaq stay vulnerable beneath important moving-average resistance.