Nasdaq 100 Poised to Snap Five-Day Losing Streak

The US stock market is poised to snap its five-day losing streak as Nasdaq 100 futures rose approximately 0.35% in overnight trading.

This modest move carries significant psychological weight, given the recent downturns that had been weighing on tech investors all week.

The stability of Treasury yields is a key factor behind this bounce, with rates holding steady through the session.

A calm bond market is good news for growth stocks, which are heavily influenced by low interest rates and tend to suffer when yields spike.

Bitcoin also added its own signal to the mix, trading between $73,000 and $76,000 during the August 20-21 window, suggesting institutional money hasn't gone fully defensive.