Tech Stocks Notch Longest Losing Streak in a Year: Markets Wrap.

Tech stocks experienced their longest losing streak in a year as traders awaited the release of the jobs report to determine the Federal Reserve's potential interest rate cuts. The Nasdaq 100 fell 0.5% over five days, with Apple Inc. seeing a decline after a second downgrade. Treasury yields rose, reaching 4%, following data showing increased hiring and lower jobless claims. Traders are now looking to the US jobs report and European inflation data to assess the possibility of interest rate reductions. [Extracted from the article]