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Michael Ashbaugh

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Aug. 23, 2019, 11:57 a.m. EDT

S&P 500 ventures under key support amid unexpected China-U.S. tariff exchange

Focus: Charting the 10-year yield’s corrective bounce, TNX, XLF, WDC, ROST, MOBL

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly lower early Friday, pressured as an unexpected China-U.S. tariff exchange has overshadowed widely-anticipated Federal Reserve policy remarks.

Against this backdrop, each major U.S. benchmark has tagged a week-to-date low early Friday, venturing under notable near-term support. The weekly close will likely add color.

Link to MarketWatch's Slice.