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Michael Ashbaugh

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April 3, 2020, 12:12 p.m. EDT

Charting a consolidation phase, S&P 500 thus far maintains major support

Focus: Crude oil builds on biggest single-day spike on record, Select pockets of individual strength persist

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly lower early Friday, pressured after a weaker-than-expected monthly jobs report.

Against this backdrop, the S&P 500 has asserted a consolidation phase, of sorts, to start the second quarter, digesting a pullback from major resistance (2,650).

Link to MarketWatch's Slice.