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Michael Ashbaugh

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Dec. 7, 2020, 11:52 a.m. EST

Charting a bull-flag breakout, S&P 500 (almost) tags 3,700 mark

Focus: Consumer staples sector sustains break to record highs, XLP, CAT, HON, ZS, FTNT, KLIC

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Monday, vacillating amid largely familiar virus- and fiscal stimulus-related market headlines.

Against this backdrop, the S&P 500 is digesting its latest break to record territory, thus far topping less than one point from the 3,700 mark. Each big three U.S. benchmark concluded last week with its latest record close.

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