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US stocks ended a four-week winning streak last Friday, with both the Nasdaq Composite and S&P 500 indices recording weekly losses. The market is now focused on NVIDIA's earnings report and the Jackson Hole meeting.
As of Friday's close, both the Nasdaq and S&P 500 indices recorded their first weekly declines in four weeks, though their year-to-date gains still remain above 12%. Additionally, both indices fell below their follow-through day lows from August 4, with the Nasdaq closing below its 21-day exponential moving average.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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