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Michael Ashbaugh

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Aug. 17, 2020, 11:53 a.m. EDT

Charting a slow-motion breakout attempt, S&P 500 presses record close

Focus: Health care sector digests break to record territory, FedEx takes flight, XLV, FDX, OLED, STLD, ELAN

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Monday, vacillating as a mid-August holding pattern persists.

Against this backdrop, the S&P 500 has rallied to press its record close (3,386.15) amid a pulling-teeth breakout attempt. The early session high (3,387.59) has closely matched the inflection point, and the session close will likely add color.

Link to MarketWatch's Slice.