Michael Ashbaugh

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Sept. 5, 2018, 11:41 a.m. EDT

S&P 500 pulls in to the breakout point (2,873), initial retest underway

Focus: Amazon briefly tags $1 trillion mark, AMZN, HD, GDDY, UBNT, IPHI, OKTA

By Michael Ashbaugh, MarketWatch

U.S. stocks are lower early Wednesday, with the Nasdaq Composite more firmly on the defensive amid the congressional testimony of social media executives.

Against this backdrop, the S&P 500 has initially maintained major support (2,873) rising from an early session low (2,876.9) slightly atop the breakout point. The retest remains underway.

Link to MarketWatch's Slice.