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Michael Ashbaugh

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Feb. 5, 2020, 12:01 p.m. EST

Bullish reversal accelerates, Nasdaq breaks to uncharted territory

Focus: Europe knifes to breakdown point, IEV, CTXS, FIVN, NSC, LB, VRTX

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Wednesday, rising after a solid batch of economic data.

Against this backdrop, the S&P 500 has extended its bullish reversal from major support (3,215) while the Nasdaq Composite has concurrently rallied to tag its latest record high.

Link to MarketWatch's Slice.