The Technical Indicator: Bullish momentum broadens, S&P 500 breaks to record highs

Focus: Crude-oil prices register dead-cat bounce, Apple presses uncharted territory, Boeing’s bullish reversal?, USO, AAPL, BA, BMRN, CTSHU.S. stocks are higher early Thursday, rising after China’s surprise move to reduce some U.S. import tariffs beginning Feb. 14. In the process, the S&P 500 and Nasdaq Composite have extended breaks to record territory, while the Dow Jones Industrial Average is vying Thursday to surpass its record close (29,348).