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Michael Ashbaugh

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Aug. 28, 2020, 12:14 p.m. EDT

Bullish momentum persists: S&P 500, Nasdaq sustain key technical breakouts

Focus: 10-year yield tags two-month high, Airlines clear key trendline, TNX, JETS, COUP, MDT, TNDM

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Friday, rising after a solid batch of economic data and as markets continue to digest recently dovish Federal Reserve policy remarks.

Against this backdrop, the big three U.S. benchmarks are vying to build on already-consequential week-to-date technical breakouts.

Link to MarketWatch's Slice.