Dow, S&P 500 and Nasdaq rise in face of bad market breadth


All of the Big 3 stock market indexes are rising, but market internals suggest the stock market is actually falling. Stocks losing ground is outnumbering advancers 1,730 to 1,380 on the NYSE and 2,780 to 1,563 on the Nasdaq exchange. And volume of declining stocks represents 52.2% of total volume on the Big Board and 61.3% of total volume on the Nasdaq. Meanwhile, the Dow Jones Industrial Average DJIA, -0.11% is up 70 points, or 0.2%, even though 17 of 30 components are trading lower; the S&P 500 SPX, -0.02% is gaining 0.2%, while while 255 of its components are declining; and the Nasdaq Composite COMP, -0.14% is tacking on 0.1%.

This article was originally published by Read the original article here.

Previous articleFinancial Face-Off: Financial Face-Off: Which pet makes better financial sense, a cat or a dog?
Next article: China’s economy facing ‘serious danger signs,’ this economist warns


Please enter your comment!
Please enter your name here