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Michael Ashbaugh

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Jan. 25, 2021, 12:15 p.m. EST

Charting mixed follow-through: Nasdaq extends to latest record high

Focus: Transports hold the breakout point, Netflix digests earnings-fueled spike, IYT, NFLX, IP, AKAM, CMI

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Monday, vacillating ahead of this week’s full slate of quarterly earnings reports.

Against this backdrop, the Nasdaq Composite has extended its prevailing statistically unusual breakout — tagging another record high — while the S&P 500 has pulled in to a shaky intraday retest of its breakout point (3,826).

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