Selloffs in Dow, S&P 500 belies bullish market internals

0
10

While the Big 3 stock market indexes are all falling, market internals are suggesting the broader stock market is rallying. The Dow Jones Industrial Average DJIA, -0.69% fell 60 points, or 0.2%, the S&P 500 SPX, -0.84% declined 0.3% and the Nasdaq Composite COMP, -0.81% slipped 0.1%. Meanwhile, the number of advancing stocks outnumbered decliners 1,902 to 1,135 on the NYSE and 2,351 to 1,777 on the Nasdaq. And volume in advancing stocks represented 72.7% of total volume on the Big Board and 63.4% of total volume on the Nasdaq. The index that better represents the market internals rather than the Big 3 index is the Russell 2000 RUT, -0.34% index of small-capitalization stocks, which rose 0.3%.

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

Previous articleEarnings Results: IBM beats on earnings, but the stock is not being rewarded
Next articleDow Jones Newswires: RBA official: Risks to Australia’s financial stability ‘a little elevated’

LEAVE A REPLY

Please enter your comment!
Please enter your name here