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Michael Ashbaugh

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July 29, 2020, 12:10 p.m. EDT

Bull trend pauses: S&P 500 traverses the range

Focus: Mid-year currency cross currents persist, UUP, FXE, FXY, PG, TGT, UAL

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Wednesday, rising ahead of the Federal Reserve’s latest policy statement, due out this afternoon.

Against this backdrop, the S&P 500 remains range-bound, for now, though its intermediate-term path of least resistance continues to point higher.

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