Michael Ashbaugh

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Feb. 4, 2021, 12:09 p.m. EST

Charting bullish follow-through: S&P 500, Nasdaq challenge record closes

Focus: Crude oil extends February breakout, Alphabet’s earnings-fueled spike, USO, GOOGL, APPN, GOGO, FANG

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Wednesday, rising as the major benchmarks build on a strong February start.

In the process, the S&P 500 and Nasdaq Composite have challenged their respective record closes — S&P 3,855 and Nasdaq 13,636 — as they vie to register their latest records. Both benchmarks have extended a bullish reversal from relatively well-defined support.

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