The Nasdaq 100 took a significant hit on Thursday, sliding 1.6% as investors adopted a cautious stance in anticipation of Federal Reserve Chair Jerome Powell’s much-anticipated speech at the Jackson Hole Symposium, scheduled for Fridayat 10:00 a.m. ET. With market participants eagerly seeking insights on the future path of interest rates and the broader economic landscape, the session was marked by a shift towards risk aversion. Market Sentiment Turns Bearish After Private Sector DataThursday’s session saw a noticeable downturn in sentiment after 11 a.m. as traders absorbed stronger-than-expec…