Michael Ashbaugh

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March 17, 2021, 11:55 a.m. EDT

Charting a bull-trend pullback: S&P 500 digests breakout ahead of Fed

Focus: Metals & mining sector sustains break to six-year highs, Facebook’s stealth trendline breakout, XME, FB, SIMO, SBUX, AN

By Michael Ashbaugh, MarketWatch

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

Against this backdrop, the S&P 500 and Dow industrials are digesting mid-March breaks to record territory amid a still comfortably bullish intermediate-term backdrop.

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