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Michael Ashbaugh

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Oct. 14, 2019, 11:47 a.m. EDT

S&P 500 reaches higher plateau, Nasdaq nails the breakdown point (8,060)

Focus: 10-year yield reclaims 50-day average, Emerging markets challenge key trendline, TNX, EEM, DE, VMW, RMBS

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Monday, treading water in the wake of last week’s trade-fueled market gains.

Against this backdrop, the S&P 500 has reclaimed key gap resistance (2,960), while the Nasdaq Composite rallied to nail its breakdown point (8,060) to conclude last week, an area that remains under siege early Monday.

Link to MarketWatch's Slice.