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NASDAQ 100 Struggles Below 23,900 Resistance; Bearish Flag Signals Possible Breakdown

NASDAQ was down on Thursday morning after testing the high level of 23986 in the last trading session as earlier this week, cooler-than-expected July consumer inflation strengthened expectations for a Fed rate cut in September. On Wednesday, the Dow climbed 1.04%, the S&P 500 rose 0.32%, and the Nasdaq Composite added 0.14%. Eight of the 11 S&P sectors advanced, led by materials, healthcare, and consumer discretionary.