Nasdaq, S&P 500 Log First Weekly Drop in 4 Weeks as Both Keep 12% YTD Gains
Updated
Updated · Investor's Business Daily · Aug 22
Nasdaq, S&P 500 Log First Weekly Drop in 4 Weeks as Both Keep 12% YTD Gains
3 articles · Updated · Investor's Business Daily · Aug 22
Summary
Friday’s close left the Nasdaq and S&P 500 with their first weekly declines in four weeks, ending the market’s recent streak of gains.
Both indexes still held year-to-date advances above 12%, but each also fell below the lows of their Aug. 4 follow-through days, a sign of weakening technical momentum.
The Nasdaq showed greater damage by finishing below its 21-day exponential moving average, while the S&P 500 held above that level.
The split suggests broader market gains remain intact for 2026, even as near-term leadership and trend strength have come under pressure.