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Michael Ashbaugh

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Jan. 6, 2021, 12:00 p.m. EST

Charting a bullish reversal, S&P 500 challenges record highs

Focus: 10-year yield takes flight, Oil & Gas Exploration ETF extends uptrend, TNX, XOP, DVN, AA, LITE

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Wednesday, rising as Treasury yields take flight amid a receding U.S. election overhang.

Against this backdrop, the S&P 500 has tagged a nominal record high early Wednesday, while the Dow industrials have broken more firmly to record territory, rising within view of the 31,000 mark.

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