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S&P 500 Nasdaq capped by technical resistance ahead of the Fed

U.S. stocks are mixed early Thursday, treading water ahead of scheduled Friday speeches by the Federal Reserve Chair and European Central Bank President.

Against this backdrop, the S&P 500 remains capped by its breakdown point — technically S&P 2,453 — while the Nasdaq Composite continues to vacillate at the 50-day moving average.

Before detailing the U.S. markets’ wider view, the S&P 500’s

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