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Michael Ashbaugh

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Sept. 3, 2020, 12:01 p.m. EDT

Market bears resurface: S&P 500, Nasdaq reverse from record highs

Focus: Europe’s stealth breakout attempt, Real estate sector edges atop 200-day average, IEV, IYR, SWKS, IP, MSI, NDAQ

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly on the defensive early Thursday, pressured as a recently rare, and long overdue, pullback has finally surfaced.

Against this backdrop, the S&P 500 and Nasdaq Composite have reversed sharply from record highs, pulling in amid a less-charted patch, punctuated by not so well-defined support.

Link to MarketWatch's Slice.