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New York Markets After Hours

Michael Ashbaugh

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July 13, 2020, 11:13 a.m. EDT

Charting a bull-flag breakout, S&P 500 knifes atop gap resistance

Focus: Consumer discretionary sector challenges record highs, Alphabet breaks to uncharted territory, XLY, GOOGL, SNE, EGO, SPWR

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Monday, rising ahead of earnings season, set to kick off this week.

In the process, the S&P 500 has staged a bull-flag breakout — rising from last week’s tight range — while the Nasdaq Composite continues to take flight to record territory.

Link to MarketWatch's Slice.