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April 29, 2020, 11:57 a.m. EDT
By Michael Ashbaugh, MarketWatch
U.S. stocks are firmly higher early Wednesday, rising amid optimism over positive clinical trial results for a developmental COVID-19 treatment.
Against this backdrop, the S&P 500 has extended its April rally attempt, rising to tag additional resistance (2,934), a level defining the 62% Fibonacci retracement of the 2020 crash.
The Technical Indicator
Charting a solid August start: S&P 500, Nasdaq stage latest summer breakouts
The Technical Indicator
Charting a (bullish) holding pattern, S&P 500 digests break to 5-month highs
The Technical Indicator
Charting a bull-flag breakout, S&P 500 extends rally as volatility recedes
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Charting a slow-motion August breakout, Nasdaq tags 11,000 mark
BREAKING
James names NRA's LaPierre and three other current and former executives as defendants
N.Y.'s Letitia James alleges NRA executives diverted millions of dollars to personal use
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