Nasdaq Extends Losses as Tech Sector Selloff Continues

By Emma Duncan | August 20, 2025, 4:33 PM

The Nasdaq suffered another triple-digit drop as the tech sector broadly declined for the second day, while the S&P 500 closed just below fair value. The Dow, on the other hand, finished with a quiet gain, though off its session highs. The Federal Reserve's release of the July meeting minutes suggested members believe it is too soon for a rate cut, though the current labor market and inflation climate drew some concerns.

Continue reading for more on today's market, including: 

  • Discount retail stock seizes record high after Q2 report.
  • Why UBER looks ripe for a short squeeze.
  • Plus, caution signal to watch; software stocks popular with put traders; and two retailers making noise.
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5 Things to Know Today

  1. President Trump is calling for another resignation from the Fed. (Bloomberg)
  2. New AI-focused smartphones are on the way from Google. (CNBC)
  3. Short-term caution may be warranted right now.
  4. Puts pop on popular software stock.
  5. Two retailers making post-earnings moves.
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Weakening U.S. Dollar Pushes Gold Higher

Uncertainty around Ukraine peace talks and news of an inventory drop from the American Petroleum Institute (API) pushed crude higher. September-dated West Texas Intermediate (WTI) added 78 cents, or 1.3%, to settle at $63.13 per barrel.

An easing U.S. greenback sent gold futures higher for the session. December-dated gold added around 0.8%, to close at $3,388.70 per ounce.

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