Michael Ashbaugh

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Jan. 20, 2021, 11:56 a.m. EST

Charting bull-flag breakouts: S&P 500, Nasdaq tag record highs

Focus: Health care sector vies to extend January breakout, XLV, MCHP, AXP, UBER, SLB

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Wednesday, rising amid Inauguration Day and following a solid batch of quarterly earnings reports.

Against this backdrop, the S&P 500 and Nasdaq Composite have staged bull-flag breakouts, rising to tag their latest record highs.

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