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Michael Ashbaugh

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April 6, 2020, 12:01 p.m. EDT

S&P 500 spikes from major support, vies to start week with ‘island reversal’

Focus: 10-year yield digests 2020 plunge, Select pockets of individual strength persist

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Monday, rising amid optimism that the coronavirus may be nearing a peak.

Against this backdrop, the S&P 500 has ventured back atop the 2,600 mark, rising sharply from a weekly close (2,488) slightly atop major support (2,478).

Link to MarketWatch's Slice.