Michael Ashbaugh

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Nov. 18, 2020, 11:48 a.m. EST

Charting a successful technical test, S&P 500 nails first support

Focus: Transports extend break to uncharted territory, IYT, AXP, NET, FLT, KSS

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Wednesday, largely treading water in the wake of recent vaccine-fueled market rallies.

Against this backdrop, the S&P 500 has sustained a modest early-week breakout, rising from a successful test of first support (3,588).

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