Investing.com - The tech-heavy Nasdaq 100 broke a historical win streak earlier this week, adding to speculation that a correction is nearing.
The tech-heavy index, which has enjoyed strong gains so far this year, fell below its closely-watched 50-day moving average for the first time in 138 trading days, which is the index's longest win streak above that trend line ever.
In addition, many of the big name stocks that have fueled this year's rally, such as Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), NVIDIA (NASDAQ:NVDA) and Google parent Alphabet (NASDAQ:GOOGL), are beginning to show signs of slowing down.
The choppy market action has added to calls that a correction is coming, though the time frame for that is unclear.
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