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Michael Ashbaugh

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Feb. 24, 2021, 12:14 p.m. EST

Charting market rotation: S&P 500 maintains the breakout point

Focus: Nasdaq 100 holds 50-day average, Industrials tag record highs, Airlines take flight, QQQ, XLI, JETS, UAL, ORCL, WIX

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Wednesday, rising in the wake of a pronounced market whipsaw.

Against this backdrop, the S&P 500 and Dow industrials have maintained major support, rising amid rotational, and still largely bullish, late-month price action.

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