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Michael Ashbaugh

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Jan. 23, 2019, 12:02 p.m. EST

S&P 500 retests major support (2,631) as first January selling pressure surfaces

Focus: Crude oil digests January rally, USO, PAYC, EXP, BBBY, DLPH

By Michael Ashbaugh, MarketWatch

U.S. stocks are slightly lower early Wednesday, but firmly off session highs, pulling in despite a generally solid batch of quarterly earnings reports.

Against this backdrop, the S&P 500 and Dow industrials have extended a pullback from major resistance, pressured amid the first respectable January selling pressure.

Link to MarketWatch's Slice.