The gains seen in the Big 3 stock market indexes aren’t telling the real story, as market breadth data suggests the stock market is actually suffering a broad selloff. The number of declining stocks are outpacing advancers 2,083 to 803 on the New York Stock Exchange (NYSE) and 2,563 to 1,358 on the Nasdaq Exchange. And volume in declining stocks is making up 70.8% of total volume on the Big Board and 57.4% of total volume on the Nasdaq. Meanwhile, the Dow Jones Industrial Average DJIA, -0.16% climbed 134 points, or 0.4%, the S&P 500 SPX, +0.04% tacked on 0.2% and the Nasdaq Composite Index COMP, +0.74% gained 0.4%.
This article was originally published by Marketwatch.com. Read the original article here.
