Dow industrials extend July breakout, Nasdaq pulls in to major support

U.S. stocks are mixed early Friday, treading water after a strong GDP report as the major benchmarks digest respectable week-to-date gains.

Against this backdrop, the Nasdaq Composite is retesting major support at its breakout point — Nasdaq 7,806 — while the Dow industrials have extended a rally atop trendline resistance, reaching five-month highs.

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

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