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US Tech Stocks See Largest 5-Week Inflow in History: Can Nasdaq Break Its Downtrend?

US Tech Stocks See Largest 5-Week Inflow in History: Can Nasdaq Break Its Downtrend?

Tech stocks have attracted their largest five-week inflow in history, fresh fund flow data shows. The Nasdaq Composite has climbed for three straight sessions and now presses against a trendline that has capped it since June.

The surge reverses a sharp July correction across megacap technology names. Fund flows and chart structure now point the same way, although key resistance levels remain unbroken. Most US Tech Stocks are Trading Upwards on Monday, August 3.

Source: Trading Economics Tech Stocks Attract Record Inflows as Rotation Gathers Pace Weekly flows into tech funds spiked to roughly $19 billion, the highest single-week reading since at least 2017, according to Barchart.

The four-week moving average has turned nearly vertical, capping the strongest five-week stretch on record.

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