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Michael Ashbaugh

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Aug. 21, 2019, 11:59 a.m. EDT

S&P 500 nails gap support (2,898) as August volatility spike fades

Focus: Apple ventures atop major resistance, Homebuilders reclaim the breakdown point, AAPL, XHB, ROKU, PAGS, RS, AMAG

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Wednesday, rising after a solid batch of quarterly earnings reports and ahead of the Federal Reserve’s meeting minutes, due out this afternoon.

Against this backdrop, the S&P 500 has maintained gap support (2,898) — amid decreased volatility — preserving its latest August recovery attempt.

Link to MarketWatch's Slice.