Nasdaq Composite Index

The Nasdaq Composite remains under pressure as sellers defend a key retracement zone and the index trades below its 50-day moving average. The Dow Jones Industrial Average has shown stronger near-term momentum, but buyers must keep building above major retracement levels to sustain the advance.

The S&P 500 remains in a broader uptrend, but a minor downtrend and a nearby resistance band are keeping the recovery selective. Traders are watching Fed commentary, Micron earnings, oil headlines and Friday’s jobs report for the next market catalyst.

US equities pulled back after a record-setting Nasdaq advance, with higher crude and Treasury yields weighing on rate-sensitive and cyclical sectors. Selective strength remained in AI infrastructure, quantum computing, and special-situation stocks, but broader participation stayed uneven.