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Michael Ashbaugh

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Aug. 5, 2020, 12:00 p.m. EDT

Charting bullish follow-through: S&P 500 nails next resistance (3,328)

Focus: Gold’s decisive break to record highs, GLD, VZ, CRM, RUN, CDE

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Wednesday, rising amid optimism over a pending fiscal stimulus package and following a batch of well received earnings reports.

Against this backdrop, the S&P 500 has extended its August breakout — rising to tag next resistance (3,328) — while the Nasdaq Composite continues to register record highs.

Link to MarketWatch's Slice.