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Michael Ashbaugh

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June 12, 2020, 12:30 p.m. EDT

Charting market cross currents: S&P 500 narrowly holds 200-day average

Charting U.S. sector cross currents: Influential groups narrowly hold key levels, XLF, IYT, QQQ, XLV, XRT

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Friday, rising in the wake of Thursday’s aggressive broadly-based market downdraft.

Against this backdrop, the S&P 500 has thus far maintained key support, an area matching the 200-day moving average, currently 3,014, and the 3,000 mark.

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