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Michael Ashbaugh

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Dec. 21, 2020, 12:13 p.m. EST

Charting a bull-trend pullback, S&P 500 retests the breakout point

Focus: Materials sector sustains late-year breakout, XLB, DE, LPSN, BLDP, UTHR

By Michael Ashbaugh, MarketWatch

U.S. stocks are lower early Monday, though well off the session’s worst levels, pressured amid renewed virus concerns.

Against this backdrop, the S&P 500 has extended a downturn from record highs, pulling in to a second — and thus far successful — test of its breakout point (3,646).

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