In the U.S., contracts on the Nasdaq 100 fell by 0.3% after the index showed its second-largest decline since April. The yield on 10-year U.S. Treasury bonds decreased across the curve, with the yield rising by two basis points to 4.32%. The dollar's exchange rate remained virtually unchanged.
Investors reduced their positions in major tech companies amid growing concerns that the rally that began in April has gone too far and too fast. This week, that momentum will face a new test as attention shifts to Jackson Hole, Wyoming, where Federal Reserve Chairman Jerome Powell will speak on Friday, and traders are strengthening their positions regarding a potential interest rate cut in September.$BTC