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Michael Ashbaugh

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Oct. 14, 2020, 12:08 p.m. EDT

Charting a bull-trend pullback, S&P 500 retests gap support (3,500)

Focus: Retail sector sustains break to record highs, IBM nails gap support, XRT, IBM, NET, SWKS, CRSP, SPOT

By Michael Ashbaugh, MarketWatch

U.S. stocks are lower early Wednesday, pressured after a mixed batch of quarterly earnings reports.

Against this backdrop, the S&P 500 has thus far staged an orderly mid-week pullback, underpinned by gap support matching the 3,500 mark.

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