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Michael Ashbaugh

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Aug. 29, 2019, 11:59 a.m. EDT

S&P 500 extends late-August rally attempt, Transports spike from major support

Focus: 10-year yield digests August breakdown, Financials and transports narrowly hold major support, TNX, XLF, IYT, LOW, MDC, CMCM

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Thursday, rising amid signs of easing China-U.S. trade tensions.

In the process, the S&P 500 has extended a late-month rally attempt — rising within view of the 50-day moving average — while transports and financials have survived key tests, reversing sharply from major support.

Link to MarketWatch's Slice.