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Michael Ashbaugh

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Aug. 6, 2020, 11:51 a.m. EDT

Charting a slow-motion August breakout, Nasdaq tags 11,000 mark

Focus: Industrials reclaim 200-day average, Metals & Mining sector extends technical breakout, XLI, XME, UNH, MA, KSU, WSM

By Michael Ashbaugh, MarketWatch

U.S. stocks are slightly lower early Thursday, largely treading water after better-than-feared weekly jobless claims, and ahead of the marquee monthly U.S. jobs report, due out Friday.

Against this backdrop, the Nasdaq Composite has briefly tagged its latest record high — atop the 11,000 mark — while the S&P 500 continues to press next resistance (3,328).

Link to MarketWatch's Slice.