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Michael Ashbaugh

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March 4, 2021, 12:34 p.m. EST

Charting a volatile March start: S&P 500, Nasdaq reach key technical tests

Focus: Charting a still bullish-leaning sector backdrop, IYT, XLF, QQQ, XLV, XLU, XLP, XLE, XLI, AMZN

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Thursday — though well off the session’s worst levels — vacillating amid a volatile March start.

Against this backdrop, the S&P 500 is back for its latest crack at the 50-day moving average, currently 3,820, while the Nasdaq Composite has whipsawed Thursday at last-ditch support matching the 2020 peak (12,973).

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