Nasdaq 100 Reverses Gains of 1.4%, Closes Down 0.2%; S&P 500 Down 0.1%, Dow Down 0.2%

On August 29, 2024, the Nasdaq 100 experienced a significant reversal, turning negative after earlier gains of up to 1.4%. The index ultimately closed down 0.2%. This downturn was mirrored by the S&P 500, which also fell by 0.1%. The market sentiment shifted in the afternoon trading session, leading to a broader decline that included the Dow Jones Industrial Average, which was last reported down 0.2%. The negative turn in these major indices reflects a broader trend of volatility in the tech-heavy sector.