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Michael Ashbaugh

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Dec. 11, 2019, 11:28 a.m. EST

Charting the S&P 500’s bullish holding pattern ahead of the Fed

Focus: Semiconductor sector rattles cage on record highs, SMH, NXPI, IPHI, BKE, KR, ATI

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Wednesday, treading water ahead of the Federal Reserve’s policy statement, due out this afternoon.

Against this backdrop, the major U.S. benchmarks have effectively flatlined week-to-date, pulling in modestly from near-record territory. The still muted mid-month selling pressure is constructive.

Link to MarketWatch's Slice.