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Michael Ashbaugh

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July 9, 2019, 11:53 a.m. EDT

S&P 500 nails near-term target (2,995), sustains July break to record territory

Focus: Semiconductor sector reaches firmer technical ground, Financials press major resistance, Amazon’s breakout attempt, SMH, XLF, AMZN, UAL, KEYS, SSYS

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks are off to a bullish third-quarter start.

On a headline basis, the S&P 500 has nailed its near-term target (2,995) — a level currently defining its all-time high — while the prevailing pullback has been comparably flat, underpinned by well-defined support.

Link to MarketWatch's Slice.