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US Tech 100 at a Critical Support Zone Will Bears Seize Control or Bulls Defend the Trend

NASDAQ was down on Thursday morning after testing the high level of 21556 in the last trading session as the Nasdaq Composite declined 1.41%. The sharp losses followed a spike in Treasury yields driven by investor anxiety over a proposed federal budget that could exacerbate the already sizable deficit. Investors are now awaiting Thursday's weekly jobless claims report for insights into the strength of the labor market.