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Michael Ashbaugh

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March 3, 2021, 12:09 p.m. EST

Market divergence persists, Nasdaq whipsaws at 50-day average

Focus: Materials sector approaches record highs, XLB, AA, HES, SATS, BZH

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Wednesday, vacillating after a mixed batch of economic data.

Against this backdrop, the major U.S. benchmarks remain in divergence mode, as the Nasdaq Composite continues to underperform amid relative strength elsewhere.

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