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Here’s the Next Big Range to Watch in the S&P 500

  • Benchmark may reach 2,870 if it breaks above range: Evercore
  • Small-caps, FANG Index closed last week at record highs
Trading On The Floor Of The NYSE As U.S. Stocks Rise

Photographer: Michael Nagle/Bloomberg

The S&P 500 is poised to finally break out of the 45-point trading range where it’s been stuck for the past month.

The benchmark for U.S. equities gained as much as 0.5 percent to 2,749 Monday. If the momentum continues, the index could end the trading session above the 2,700-2,745 range it has held to since early May.