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Michael Ashbaugh

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Dec. 3, 2020, 11:56 a.m. EST

Charting a successful technical test: S&P 500 nails the breakout point

Focus: 10-year yield asserts uptrend, Apple’s stealth breakout, TNX, AAPL, SPOT, VLO, ALGN

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Thursday, rising after better-than-expected weekly jobless claims and revived prospects for a potential stimulus package.

Against this backdrop, the S&P 500 has sustained a December rally to record territory, rising from a successful test of its breakout point (3,646).

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