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Michael Ashbaugh

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Feb. 13, 2019, 11:51 a.m. EST

Nasdaq nails 200-day average, S&P 500 extends break atop major resistance

Focus: Homebuilders knife atop 200-day average, Transports clear key trendline, Retail sector’s breakout attempt, XHB, IYT, XRT, EMR, ARWR, VNOM

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Wednesday, though well off the session’s best levels, rising amid guarded optimism over China-U.S. trade progress.

Against this backdrop, the Nasdaq Composite has topped early Wednesday within one point of its 200-day moving average, currently 7,462 — and drawn selling pressure — while the S&P 500 has extended a modest break atop major resistance.

Link to MarketWatch's Slice.