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Michael Ashbaugh

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July 31, 2020, 12:04 p.m. EDT

Charting market re-rotation, Nasdaq turns higher amid Apple’s breakout

Focus: 10-year yield reaches major technical test, TNX, SHOP, CYBR, AGCO, AMAG

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Friday, vacillating amid a rotation back toward large-cap technology after Apple’s blowout earnings report.

Against this backdrop, the S&P 500 and Nasdaq Composite remain range-bound to conclude July against a still comfortably bullish bigger-picture backdrop.

Link to MarketWatch's Slice.