Bull trend bends (slightly) without cracking, S&P 500 approaches record close

Though the U.S. benchmarks’ bigger-picture technicals remain bullish, on balance, the current backdrop is not one-size-fits-all. Consider that the S&P 500 and Nasdaq Composite remain firmly within striking distance of record territory, while the Dow industrials and Russell 2000 have lagged behind of late, briefly reaching one-month lows.