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July 9, 2020, 11:51 a.m. EDT
By Michael Ashbaugh, MarketWatch
U.S. stocks are firmly lower early Thursday, pressured as a July rally attempt seems to have stalled.
Against this backdrop, the S&P 500 has extended a pullback from gap resistance (3,182). Thursday’s early session high (3,180) marks the latest failed test, and the downturn’s aggressiveness, or lack thereof, is worth tracking.
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For the quarter, the S&P 500 rises 8.5%, Nasdaq Composite climbs 11%, and Dow is up 7.6%
For the month, Dow down 2.3%, S&P 500 falls 3.9% and Nasdaq slides 5.2%
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