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Michael Ashbaugh

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Nov. 10, 2020, 12:22 p.m. EST

Charting market rotation: S&P 500, Dow industrials challenge record highs

Sector participation broadens amid market rotation, XLI, XLB, XLF, KRE, IYT, JETS, QQQ

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks are off to a strong November start, rising amid bullish longer-term trends.

Against this backdrop, the S&P 500 and Dow industrials have extended aggressive rally attempts — briefly tagging record highs to start this week — amid market rotation and expanding sector participation.

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